Evidence on the Loan Charge to be given to the Lords Finance Bill Sub-Committee
Monday 14 December 2020
Later today and on Wednesday 16 December 2020 the House of Lords Economic Affairs Finance Bill Sub-Committee will take evidence from three panels of witnesses on the loan charge.
These are follow-up evidence sessions to the Committee’s 2018 report, ‘The Powers of HMRC: Treating Taxpayers Fairly’.
These public evidence sessions will have remote participation by witnesses and Committee members. They will be streamed live on Parliament TV on 14 December and 16 December 2020.
This afternoon’s first session will begin at 3pm. Giving evidence will be:
- Glyn Fullelove, Immediate Past President, Chartered Institute of Taxation
- Andrew Hubbard, Editor-in-Chief Taxation Magazine, Tolley Publishing
- Meredith McCammond, Technical Officer, Low Incomes Tax Reform Group.
The second session will begin at 4pm. Giving evidence will be:
- Andrew Chamberlain, Director of Policy, Association of Independent Professionals and the Self-Employed
- Keith Gordon, Barrister, Temple Tax Chambers
- Gareth Parris, Helpline Volunteer, Loan Charge Action Group
- Blanche Zaph, Helpline Volunteer, Loan Charge Action Group.
The session on Wednesday 16 December 2020 will begin at 3pm. Giving evidence will be:
- Mary Aiston, Director, Counter-Avoidance, HMRC
- Carol Bristow, Director, Individuals Policy Directorate, HMRC.
The topics that will be covered include:
- HMRC’s approach to the Loan Charge since the publication of the Morse review.
- The disproportionate effect on taxpayers on lower incomes of the disguised remuneration schemes included in the Loan Charge.
- HMRC’s new Loan Charge repayment and settlement arrangements.
- What implications HMRC’s new approach to the Loan Charge might have on tax compliance.
- How HMRC could limit the targeting of vulnerable and lower income taxpayers by promoters of tax avoidance schemes.
