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‘Disappointing’ that HMRC is pushing Loan Charge contractors to settle amid COVID-19

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29th Apr 2020
by Andrew Earnshaw


ContractorUK – Simon Moore:

Critics of retrospective taxation have denounced HMRC’s decision not to extend its pause in compliance activity to 2019 Loan Charge contractors, calling it “disappointing.”

Despite being asked to suspend all ‘30-day response’ letters due to the impact of COVID-19 on its customers, HMRC says it will keep contacting LC contractors on two key grounds.

The first is where the imminent “expiry of a statutory time limit” risks leaving the Revenue “legally unable to collect any tax that is owed,” the department told the Loan Charge APPG.

(click on text for full article)

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Disclaimer: This is not an official website or feed of the House of Commons or the House of Lords it has not been approved by either House or its Committees. All-Party Parliamentary Groups are informal Groups of members of both Houses with a common interest in particular issues. The views expressed in these web pages are those of the Group. The Loan Charge and Taxpayer Fairness APPG Secretariat is staffed and funded by the Loan Charge Action Group.