Group of sector professionals publish proposal to resolve the loan charge

A group of professionals comprised of tax lawyers tax advisers and accountants led by Sarah Gabbai of McDermott Will and Emery have taken action due to the increasing concern about the impact on thousands of families if HMRC enforce the loan charge. They have come together to offer a new voice to the debates on the issue and the possibility of resolving the impasse between HMRC and taxpayers facing the loan charge.

The proposal has been presented to the loan charge and taxpayer fairness all party parliamentary group (APPG) and it is hoped that the Treasury including the new financial secretary to the Treasury Lucy Frazer who is herself a lawyer will take this proposal seriously and that she and the chancellor will accept that a resolution is needed that works for all sides and gives closure on...