HMRC downplays significance of CEO email ‘questioning’ legal basis of loan charge policy
A document dump of emails shared between HMRC officials has prompted loan charge campaigners to further question the legal footing of the government’s controversial disguised remuneration policy
Share this item with your network: By Published: 23 Apr 2021 17:00
HM Revenue & Customs (HMRC) has sought to play down the significance of a private email in which its CEO appears to question the legal footing of the department’s controversial loan charge policy.
The email, disclosed as part of a document dump secured through a Freedom of Information (FOI) request, features a series of messages sent by HMRC CEO Jim Harra from January to December 2019 about the department’s ongoing efforts to clampdown on disguised remuneration schemes.
Thursday, February 25, 2021
Following on from part 1 of our predictions for 2021 for the UK restructuring market part 2 looks at CVAs, directors duties and HMRC and insolvencies.
We had hoped to cover off everything in 2 parts, but 2021 looks to be a busy year so we will publish the final part of this series next week.
Company Voluntary Arrangements – the continued evolution of the CVA
CVAs dominated the headlines in 2019 and 2020 and will likely continue to do so in 2021, particularly in the retail and hospitality industry which have been hit hard as a consequence of COVID-19.
With many CVAs seeking to restructure lease portfolios we have seen the nature and structure of CVAs evolve to address criticism and questions of fairness raised by landlords. Changes have included up-side sharing mechanisms, such as profit and equity shares as well as a move away from provisions that seek to interfere with a landlord’s proprietary rights.
HMRC accused of utter hypocrisy over use of IT contractors enrolled in tax avoidance schemes
Campaign group calls for HMRC to face an investigation, while accusing the department of ‘utter hypocrisy’ for using IT contractors enrolled in disguised remuneration schemes
Share this item with your network: By Published: 18 Feb 2021 15:45
HM Revenue & Customs’ (HMRC) stands accused of “utter hypocrisy” for hiring IT contractors enrolled in disguised remuneration (DR) schemes, despite being in the midst of a contractor-focused, anti-tax avoidance enforcement campaign.
As reported by Computer Weekly on 18 February 2021, MPs from the 240-strong Loan Charge All-Party Parliamentary Group (APPG) called out the tax collection agency for repeatedly dodging questions on multiple occasions about its alleged use of DR scheme-enrolled contractors in a letter to HMRC CEO Jim Harra.
HMRC denies misleading House of Lords over IT contractors’ use of tax avoidance schemes
MPs from Loan Charge All-Party Parliamentary Group write to HMRC CEO Jim Harra to demand the department be investigated for breaching the civil service code
Share this item with your network: By Published: 17 Feb 2021 15:23
HM Revenue & Customs (HMRC) denies claims by MPs that it withheld information from the House of Lords about its technology subsidiary’s use of IT contractors that were found to be participating in tax-avoiding disguised remuneration (DR) schemes.
MPs, who form part of the 240-strong Loan Charge All-Party Parliamentary Group (APPG), say HMRC should be investigated for a possible breach of the civil service code for repeatedly dodging questions about its alleged engagement of DR scheme-enrolled contractors.