.png)
.png)
Morse code
Key points
- The December 2019 review of the loan charge was to provide certainty before the self-assessment deadline.
- The government has agreed that the charge should not apply to pre-December 2010 loans.
- Was there reasonable disclosure by the taxpayer to HMRC of post-December 2010 loans?
- Are years protected from further HMRC action?
- What happens if the taxpayer has settled and the loan has been written off by the trust?
- HMRC will publish information to assist in preparing time-to-pay arrangements.
- How will draft legislation encapsulate the proposals?
The recent review by Sir Amyas Morse (tinyurl.com/lcramdec) and the related government feedback published last month (December 2019 at tinyurl.com/vhj26ob) confirmed that amendments will be made to the loan charge...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
