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Loan Charge APPG publish report exposing fundamental flaw in Morse Review

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19th Mar 2020
by Andrew Earnshaw


Yorkshire Post – Greg Wright:

The All-Party Parliamentary Group on the Loan Charge have today published a comprehensive report which exposes the fundamental flaw in the Government commissioned Morse Review into the Loan Charge. The APPG report follows two witness sessions and written evidence, as well as the APPG contacting and seeking views from all the experts listed in the Morse Review report. Most experts contacted confirmed that they did not agree with the Morse Review conclusion that the “law was clear” after December 2010, which then unravels the key Morse Review recommendation, to leave the Loan Charge in place from this date.

The APPG report exposes how the Treasury commissioned Morse Review came to a flawed and unjustified conclusion which still leaves an estimated 35,000 – 40,000 people facing Loan Charge demands, that they cannot legally challenge, despite it not having been legally proven that the tax is due.

The main conclusion of the Morse Review was that the “law was clear” after December 2010. This is simply not the case in terms of the legislation itself, HMRC’s lack of action or court rulings. What is more, the Review stated that experts agreed on this point, something that has now been exposed as simply not being the case.

(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.