From News

Tax Avoidance: Written question - 1351

In response to a written question asking if legislative proposals will be brought forward to eliminate the retrospective aspects of the loan charge, the Treasury stated that, following Sir Amyas Morse's December 2019 report, which examined the question of from when the loan charge should apply and concluded that from 9 December 2010 the law about the tax treatment of loan schemes was clear and that the loan charge should apply from this date, the Government intends to legislate to implement all but one of the recommendations in the next Finance Bill.

Link to Publication
Category: Taxation » Employment; Tax avoidance. Area(s) of law: Employment; Tax; Private Client.
Source: Treasury.

View original article