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We hope as many UK based professionals and former professionals, from the tax and accounting sectors will sign the proposal and add their name to the letter to the Chancellor.
Whether professionals have clients directly impacted or simply feel that the Loan Charge needs to be resolved, for everyone, the more professionals who add their voice to this, the more chance it will be taken seriously by the Government.
Please note, this proposal is only for tax sector professionals and only tax sector professionals names will be added. It is not for promoters or operators of tax avoidance/disguised remuneration schemes.
The Loan Charge Resolution is a group of sector professionals who have come together and published a proposal to resolve the loan charge and to provide a fair and final resolution to give closure both to taxpayers facing it and also to HMRC.
The professionals, comprised of tax lawyers, tax advisers and accountants, led by Sarah Gabbai of McDermott, Will and Emery. The professionals are not part of any organisation and this is an attempt by independent professionals across the sector to seek to facilitate a resolution.