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29th Oct 2019
by Andrew Earnshaw


Tax Notes – Andrew Goodall:

Former Treasury Minister Mel Stride must not be allowed to “mark his own homework” following his election as chair of the House of Commons Treasury Committee, a committee member warned.

The All-Party Parliamentary Group (APPG) on the loan charge called on Stride to investigate the conduct of HM Treasury and HM Revenue & Customs in relation to the charge, and to investigate “why it was deemed acceptable to retrospectively change the law and sweep away statutory protections.”

Stride was the financial secretary to the Treasury from June 2017 to May 2019, and leader of the House of Commons until Boris Johnson became prime minister in July 2019. Amyas Morse, the former head of the National Audit Office, is leading a review of the charge and is expected to report to Treasury by mid-November. Tax professionals giving evidence to the review said the loan charge controversy has damaged the integrity of the tax system. (cont.)

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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.