News that the independent review of the government’s controversial loan charge will not be submitted to ministers until after the election has been labelled ‘deeply regrettable’ and ‘deeply worrying’ by MPs and tax experts.
The publication of the second review of the loan charge, led by former NAO head and PwC managing partner Amyas Morse, has been delayed until after the 12 December general election. This followed an update from financial secretary to the Treasury Jesse Norman on the last day of Parliament.
The move has been met with heavy criticism from MPs, accountancy and tax bodies, in part because those facing the charge are required to pay it by the self assessment deadline of January 31 2020. (cont.)