HMRC have confirmed that letters have now been sent out to those who have been affected by the loan charge including those whose arrangements are likely to fall within the scope of the ongoing independent review led by Ray McCann. The letters are in essence an interim update from HMRC noting that further details will only be available after the findings of the review have been published and the UK Government has responded to any resulting recommendations.
One key point to note: the letters provide a named contact person within HMRC. Queries at this stage (for example if individuals consider they have been given the wrong letter) can be addressed to the HMRC contact.
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HMRC have confirmed that letters have now been sent out to those who have been affected by the loan charge including those whose arrangements are likely to fall within the scope of the ongoing independent review led by Ray McCann. The letters are in essence an interim update from HMRC noting that further details will only be available after the findings of the review have been published and the UK Government has responded to any resulting recommendations.
One key point to note: the letters provide a named contact person within HMRC. Queries at this stage (for example if individuals consider they have been given the wrong letter) can be addressed to the HMRC contact.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
