Reply to: Introduction of the 2019 Loan Charge

[sst2019]

This also has been published here...

MPs demand HMRC leadership change over loan charge

MPs have accused HMRC and the Treasury of waging a “cynical campaign of misinformation” to justify their policy about the loan charge and cover up HMRC’s past failings and current hardline conduct

MPs demand HMRC leadership change over loan charge | ICAEW Economia

[DaveB]

Anybody have any news on this yet ?

Good summary of proceedings here :

MPs brand HMRC 'out of control' over loan charge conduct | AccountingWEB

[Invisiblehand]

Anybody have any news on this yet ?

Some great speeches.

[dammit chloe]

Anybody have any news on this yet ?

It was live on Parliament TV until there was a water leak and play was suspended. Treasury and HMRC were on the ropes up till then with only a couple of weak defenders of LC.

David Davis gave them a good kicking! As did many others. Not sure when this will continue.

[Confusedetc]

On Thursday 4 April parliment is scheduled to debate a motion relating to the introduction of the 2019 Loan Charge. See link below for details.

Introduction of the 2019 Loan Charge - Commons Library briefing - UK Parliament

Anybody have any news on this yet ?

[Simon100]

On Thursday 4 April parliment is scheduled to debate a motion relating to the introduction of the 2019 Loan Charge. See link below for details.

Introduction of the 2019 Loan Charge - Commons Library briefing - UK Parliament

General debate on the introduction of the 2019 loan charge - News from Parliament - UK Parliament

[EBTContractor]

If they've provided you with settlement figures its 5th April, basically it's only beyond 5th April if they have failed to provide you with figures, you can't chose to delay beyond 5th.

Received my pack two months ago and have done nothing with it other than opening it, so full of holes I can't be arsed with the whole thing.

[NeedTheSunshine]

The person at HMRC said they could not guarantee that I would be excluded from the loan charge taking effect from the 5th..as I had not accepted the settlement within 30 days of receiving it.

Well that's hardly giving you a compelling reason to settle then! I presume that you will need to re-request the settlement pack as you didn't respond to the first one within 30 days. I'm sure they would rather you settle than not settle.

Once you sign the settlement contract that's it. You have agreed that you owe them the money and are contractually obliged to pay it. To have to pay the loan charge as well would be ludicrous.

Definitely one to take advice on.

[mrs t]

The person at HMRC said they could not guarantee that I would be excluded from the loan charge taking effect from the 5th..as I had not accepted the settlement within 30 days of receiving it.

[Iter]

I think realistically if they know you’re planning on settlement they will allow extra time, especially where it’s the revenue that may have created a delay. It may just be an administration change to the signed contracts if they do not receive this part until after 5/4. The wording would need to be slightly changed .... but the agreed settlement figure will stay the same

[NeedTheSunshine]

[QUOTE=mrs t;2636019]

Unless the 30 days (or whatever they give you to respond) from the date of their settlement offer letter is after 5th April I assume...[/QUOTE

What about if you have received settlement pack a few months ago,but did not reply back within 30 days of receiving pack...and am now starting to panic and may fill in forms by the 5th April to settle...any thoughts on if they would accept this...I rang a.person at HMRC today and they were unclear if I would be excluded from Loan charge.

What do you mean by unclear? Did they say yes or no in answer to the simple question?

[mrs t]

[QUOTE=dangermaus;2635947]Unless the 30 days (or whatever they give you to respond) from the date of their settlement offer letter is after 5th April I assume...[/QUOTE

What about if you have received settlement pack a few months ago,but did not reply back within 30 days of receiving pack...and am now starting to panic and may fill in forms by the 5th April to settle...any thoughts on if they would accept this...I rang a.person at HMRC today and they were unclear if I would be excluded from Loan charge.

[dangermaus]

If they've provided you with settlement figures its 5th April, basically it's only beyond 5th April if they have failed to provide you with figures, you can't chose to delay beyond 5th.

Unless the 30 days (or whatever they give you to respond) from the date of their settlement offer letter is after 5th April I assume...

[starstruck]

My understanding is you have until about August to decide if you want to settle, if you're enquired and received a pack back.

If they've provided you with settlement figures its 5th April, basically it's only beyond 5th April if they have failed to provide you with figures, you can't chose to delay beyond 5th.

[EBTContractor]

My understanding is you have until about August to decide if you want to settle, if you're enquired and received a pack back.