Loan Charge Review – Update

On Monday 16th September, Graham Webber, Director of Tax at WTT Consulting Ltd, visited Sir Amyas Morse in his capacity as Reviewer of the Loan Charge, appointed by Parliament.

The meeting lasted an hour and was frank and we think useful to all sides.

In particular, Sir Amyas reassured us that he was an independent Reviewer and he would not be swayed by what many see as potentially awkward wording in the Terms of Reference of the Review.

We are confident that he is his own man and will make as thorough and comprehensive review of the situation as time permits.

We expect the final Review conclusion, due in mid November, to be balanced and fair although we reserve the right to continue to challenge the legislation as it stands.