Loan Charge Action Group [LCAG]

The LCAG has been formed to raise awareness of the 20 yr retrospective tax charge introduced by HM Government

[Loan Charge Action Group [LCAG] @LCAG_2019]

“You should note the risk that this creates a perceived conflict of interest.. " - HMT

#McCannReview never independent and new #FOI revelations reveal Government & HMT recognised.

LCAG has written to Chancellor @RachelReevesMP with full details.

https://t.co/BUmsRrO3Rr

[Loan Charge Action Group [LCAG] @LCAG_2019]

LCAG has written to HMRC CEO John-Paul Marks concerning arbirtary 90 day deadline to accept settlement offers. Inevitable inaccuracies & complex nature make imperative that #LoanChargeScandal victims have sufficient time to consider potentially life-changing demands.

[Don Edgley @donedgley1]

@andyburnham Still haven't stopped @MelJStride 's retrospective tax called the #LoanChargeScandal despite 11 proven suicides

[The Yorkshire Post @yorkshirepost]

https://t.co/JbvmYI5ztt 'It is simply reckless to carry on': MPs welcome Public Accounts Committee's call for clarity over loan charge

[Loan Charge Action Group [LCAG] @LCAG_2019]

An extremely worrying development, please reach out to others, whether people affected by #LoanChargeScandal or organisations such as Samaritans. Don't be alone, stay strong for love ones.

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

We’ve had an email from an individual expressing suicidal thoughts, who is facing HMRC action for contractor loan schemes from pre December 2010. This is very worrying, we’ve signposted them to the Samaritans. It was wrong & dangerous to exclude such people from the #McCannReview

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

Our letter to the Public Accounts Committee on this is here

https://t.co/DqE9DZEoxi

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

We’re pleased that the Public Accounts Committee has written to John Paul Marks, First Permanent Secretary of HMRC, about the costs of the #LoanCharge.

The fundamental thing is that HMRC must give their cost estimate of resolving all remaining cases.

https://t.co/45PwCea23F

[Loan Charge Action Group [LCAG] @LCAG_2019]

📰 #LoanChargeScandal latest: Powerful article in @itcontracting by @gregsmith_uk, Co-Chair of the #LoanCharge & #TaxpayerFairness APPG on the damning revelations that expose that the #McCannReview was far from ‘independent’ & not a Loan Charge review!

https://t.co/dUh0R1IqbU

[ContractorUK @itcontracting]

The government presented the McCann Loan Charge Review as "completely independent." It turns out it wasn't.

Newly released Freedom of Information disclosures show that before McCann was ever appointed, the Treasury's own "Candidate Due Diligence" file had already flagged three conflicts of interest: his previous work for HMRC, his public comments on the loan charge, and his public support for Labour. All noted, all on the record, but seemingly waved through.

And that's a tough pill given what contractors were promised. Rachel Reeves pledged a "truly independent" review, yet this looks a lot like HMRC reviewing its own policies. The result focused on settlement terms while sidestepping the bigger question: whether HMRC's own approach to the loan charge has been fair or proportionate.

Greg Smith MP, co-chair of the Loan Charge & Taxpayer Fairness APPG, writes exclusively for ContractorUK, breaking down what this actually means for contractors waiting for a fair resolution, and whether one can even be expected.

Read the full article exclusively on ContractorUK,
https://t.co/edQ4zfTwzM

[Loan Charge Action Group [LCAG] @LCAG_2019]

Thank you Anna Gelderd for #LoanChargeScandal Written Question concerning settlements following #McCannReview.

Familiar answer from @Dan4Barnet as, 8 months on from 'independent' Review, HMRC have yet to produce detailed settlement 'opportunity'.

https://t.co/uS9ULbJTH8

[Loan Charge Action Group [LCAG] @LCAG_2019]

Thank you @JessBrownFuller for Written Question on #LoanChargeScandal.

Once again @Dan4Barnet fails to answer simple question - how many people expected to settle and over what timescale?
https://t.co/izyI6SvpWn

[Loan Charge Action Group [LCAG] @LCAG_2019]

LCAG has written to thank @AndrewRosindell MP for raising #LoanChargeScandal during TQ's.

Failed #McCannReview will not resolve scandal for thousands excluded & remains unaffordable for more. HMT themselves recognised "perceived conflict of interest".

https://t.co/gasRNbB3He

[Loan Charge Action Group [LCAG] @LCAG_2019]

@Dan4Barnet @HMRCgovuk @hmtreasury and no doubt removed some, pointlessly taking no action against scheme promoters. Promoters who owe the disputed tax you seek to take from honest people with your retrospective tax #LoanChargeScandal

[HM Revenue & Customs @HMRCgovuk]

We’ve added more names to our tax avoidance scheme list. 🚨

Take a look and see if you recognise anyone we’ve named. 👀

Learn more about spotting the signs of tax avoidance. ⬇️

https://t.co/N3lWxrlsWj

[Loan Charge Action Group [LCAG] @LCAG_2019]

"How many individuals.. eligible for settlement.. (a) settled in full and (b) entered into a Time to Pay arrangement?"

In failing to provide numbers the inference is clear...none or not far off!

Thank you @DesmondSwayne for question.
https://t.co/Ilc8cnjVMh

[Charlotte Gifford @charlotte_giff]

An FOI shared with the Telegraph shows Treasury officials raised concerns that appointing Ray McCann to lead the loan charge review could be a "perceived conflict of interest"

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

Treasury Minister @Dan4Barnet says the Government wants to resolve the #LoanChargeScandal but their approach leaves THOUSANDS of cases unresolved. He continues to call the #McCannReview ‘independent’ but the latest FOI revelations shatter that pretence ⬇️

https://t.co/oRTa8VgTpS

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

In #TreasuryQuestions APPG member @AndrewRosindell says successive Governments have failed on the #LoanCharge & that it’s time for a fair resolution that ends the nightmare for everyone. The biased #McCannReview isn’t that resolution. Many people are excluded.

#LoanChargeScandal

[Greg Wright @gregwrightYP]

The number of tragic suicides linked with #loancharge stands at 11. And as latest @loanchargeAPPG letter states, 'it is wrong that the only party being pursued is the group Chancellor called victims of mis-selling'. #LoanChargeScandal

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

Damning new info revealed by FOI shows the Treasury privately discussed 3 conflicts of interest about Ray McCann yet appointed him anyway to lead a so-called ‘independent’ #LoanCharge review.

Includes comments from @gregsmith_uk

#LoanChargeScandal

https://t.co/4mN96B5wLy

[ContractorUK @itcontracting]

Keir Starmer is leaving — and unelected Andy Burnham is the front-runner for the top job.

We all saw the news shots: the ex-Manchester mayor making his trek to Westminster, being sworn in, Conservative MPs quipping "he's not the messiah."

But for the UK's contractors, freelancers and umbrella workforce, a Burnham premiership genuinely cuts both ways.

The last time Burnham spoke to ContractorUK was March 2020, on a call with the "excluded" community during covid. Back then he questioned whether limited company contractors being frozen out of support was "a deliberate exclusion or an oversight." Whether that scrutiny carries into government remains to be seen.

To get past the headlines, we went to IR35, tax and recruitment experts for their read on what a Burnham government would actually mean for contracting.

“Messiah” of the self-employed, or the most interventionist PM yet for contractors?

Read the full article on ContractorUK: https://t.co/eQDIGkIPF6

[Loan Charge Action Group [LCAG] @LCAG_2019]

Thank you @charlotte_giff . Bizarre response from Gov Spokesman who seems to think that a conflict of interest is a suitable qualification. #LoanChargeScandal

[Loan Charge & Taxpayer Fairness APPG @loanchargeAPPG]

Damning new info revealed by FOI shows the Treasury privately discussed 3 conflicts of interest about Ray McCann yet appointed him anyway to lead a so-called ‘independent’ #LoanCharge review.

Includes comments from @gregsmith_uk

#LoanChargeScandal

https://t.co/4mN96B5wLy