The Loan Charge APPG publishes its damming report into HMRC

The report from the cross party MP group led by Sir Ed Davey is a stinging indictment of HMRC policy in relation to contractors in general and says that the loan charge is a damaging and retrospective raid on that expert group of taxpayers that should be delayed and reviewed, independently.

Lords Economic Affairs Committee report into The Powers of HMRC: Treating Taxpayers Fairly

Following an extensive evidence gathering exercise, their Lordships have published the latest in a series of reports into the current Finance Bill and its predecessors. This, the fourth report of the session, is particularly damning of Government policy and HMRC’s delivery of it, in dealing with the treatment of taxpayers accused of tax avoidance. Whilst […]

Voicing the 99%

“We are the 99%”, a political slogan used by the Occupy movement, refers to the concentration of income and wealth amongst the top 1% of population. It also reflects an opinion that the “99%” are paying a price for the choices of a small minority of the 1%.  Following another leak from an offshore law […]

In a moment of Discovery

Isaac Newton was sitting in his garden when an apple fell on his head and in a stroke of brilliance, he formed his theory of gravity. Discoveries can be sudden and unexpected, or they can arise from a process of deliberate and careful planning induced by curiosity and/or necessity. Assessment letters under Section 29 TMA […]

Summary of the Rangers Case to Date

Introduction With a recent announcement from the Supreme Court that the long-awaited judgement for RFC 2012 Plc (in liquidation) (formerly The Rangers Football Club Plc) v Advocate General for Scotland (Respondent) (more commonly known as the Rangers Case) will be known on 5th July 2017, it is worth recapping on the salient points of the […]

Tackling Disguised Remuneration

Two Technical Updates on ‘tackling disguised remuneration’ have been released [i] on 20th March 2017. Both deal with the operation and consequences of the proposed tax charge on unpaid loan balances at 5th April 2019, a 20 year retrospective law. Of particular interest is an amendment to the 2019 charge to account for contractor arrangements […]

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