As initially announced at Autumn Budget 2024 the government has committed to an independent review of the Loan Charge. The review which is being led by Ray McCann will examine the barriers preventing those who are subject to the Loan Charge but have not already settled and paid their tax liabilities in full from reaching resolution with HMRC.
A call for evidence was published on 28 March 2025 which is intended to gather information from individuals and organisations. The review is particularly interested in understanding what advice or information was provided to taxpayers by advisers and scheme promoters and in their experience of the HMRC enquiry process or in negotiating a settlement with HMRC. The call for evidence closes on 30 May 2025.
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As initially announced at Autumn Budget 2024 the government has committed to an independent review of the Loan Charge. The review which is being led by Ray McCann will examine the barriers preventing those who are subject to the Loan Charge but have not already settled and paid their tax liabilities in full from reaching resolution with HMRC.
A call for evidence was published on 28 March 2025 which is intended to gather information from individuals and organisations. The review is particularly interested in understanding what advice or information was provided to taxpayers by advisers and scheme promoters and in their experience of the HMRC enquiry process or in negotiating a settlement with HMRC. The call for evidence closes on 30 May 2025.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
