Loan Charge Action Group
(asked on 18th July 2022) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, whether he has had discussions with Lord Morse regrading correspondence from the Loan Charge Action Group.
This question was answered on 21st July 2022
The Chancellor has not discussed correspondence sent by the Loan Charge Action Group with Lord Morse.
The Loan Charge has been legislated in Parliament and was introduced in the 2019-20 tax year. Lord Morse was clear in his report that the Loan Charge was an appropriate response to the tax avoidance activity that had taken place.
HMRC continue to work with and support taxpayers to resolve all outstanding enquiries and assessments relating to disguised remuneration loans.