Loan Charge Archives - Freelance Informer https://www.freelanceinformer.com/category/loan-charge/ Empowering the Freelance Economy Mon, 10 Feb 2025 10:24:35 +0000 en-GB hourly 1 https://wordpress.org/?v=6.7.1 https://www.freelanceinformer.com/wp-content/uploads/2020/09/FI-letter-logo-150x150.jpg Loan Charge Archives - Freelance Informer https://www.freelanceinformer.com/category/loan-charge/ 32 32 Packham on loan charge scandal: “Treasury will do all they can to avoid the truth coming out” https://www.freelanceinformer.com/news/packham-on-loan-charge-scandal-treasury-will-do-all-they-can-to-avoid-the-truth-coming-out/?utm_source=rss&utm_medium=rss&utm_campaign=packham-on-loan-charge-scandal-treasury-will-do-all-they-can-to-avoid-the-truth-coming-out https://www.freelanceinformer.com/news/packham-on-loan-charge-scandal-treasury-will-do-all-they-can-to-avoid-the-truth-coming-out/#respond Fri, 24 Jan 2025 11:45:11 +0000 https://www.freelanceinformer.com/?p=26599

SPECIAL REPORT MPs, campaigners, contractors and small business owners across the country are outraged about the government denying them their call for a legitimate independent review of the Loan Charge Scandal as promised by Rachel Reeves, the Chancellor of the Exchequer. The Loan Charge and Taxpayer Fairness All-Party Parliamentary Group (APPG) speaks out and warns […]

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Contractor Loan Scheme Scandal: MP Calls for Inquiry https://www.freelanceinformer.com/news/contractor-loan-scheme-scandal-mp-calls-for-inquiry/?utm_source=rss&utm_medium=rss&utm_campaign=contractor-loan-scheme-scandal-mp-calls-for-inquiry https://www.freelanceinformer.com/news/contractor-loan-scheme-scandal-mp-calls-for-inquiry/#comments Fri, 22 Mar 2024 10:49:04 +0000 https://www.freelanceinformer.com/?p=20609

Thousands Face Crushing Tax Bills After Following “Disguised Remuneration” Advice. Radio presenter Mariella Frostrup brings this harrowing dilemma to the wider public’s attention This week Times Radio presenter Mariella Frostrup spoke to Greg Smith, Conservative MP for Buckingham and co-chair of the Loan Charge All-Party Parliamentary Group, about the growing scandal surrounding contractor loan schemes […]

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Taxation Without Fairness: The Uncomfortable Echoes of the Loan Charge and the Boston Tea Party https://www.freelanceinformer.com/news/taxation-without-fairness-the-uncomfortable-echoes-of-the-loan-charge-and-the-boston-tea-party/?utm_source=rss&utm_medium=rss&utm_campaign=taxation-without-fairness-the-uncomfortable-echoes-of-the-loan-charge-and-the-boston-tea-party https://www.freelanceinformer.com/news/taxation-without-fairness-the-uncomfortable-echoes-of-the-loan-charge-and-the-boston-tea-party/#respond Fri, 19 Jan 2024 11:30:16 +0000 https://www.freelanceinformer.com/?p=18789

OPINION & SPECIAL LOAN CHARGE REPORT As responses to a Parliamentary debate on the Loan Charge brew this week, we turn to the history books and our American cousins for inspiration on the implementation of a Taxpayer Bill of Rights Many of the UK’s self-employed have experienced fairness and even a sympathetic ear from representatives […]

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HMRC has “real-time data” on tax avoidance and non-compliant umbrella companies. Why hasn’t the umbrella industry been cleaned up sooner? https://www.freelanceinformer.com/news/hmrc-has-real-time-data-on-tax-avoidance-and-non-compliant-umbrella-companies-why-hasnt-the-umbrella-industry-been-cleaned-up-sooner/?utm_source=rss&utm_medium=rss&utm_campaign=hmrc-has-real-time-data-on-tax-avoidance-and-non-compliant-umbrella-companies-why-hasnt-the-umbrella-industry-been-cleaned-up-sooner https://www.freelanceinformer.com/news/hmrc-has-real-time-data-on-tax-avoidance-and-non-compliant-umbrella-companies-why-hasnt-the-umbrella-industry-been-cleaned-up-sooner/#comments Mon, 04 Sep 2023 15:07:43 +0000 https://www.freelanceinformer.com/?p=13930

Dave Chaplin, CEO of Contractor Calculator, shares his concerns about HMRC not using the data it has at its disposal to shut down tax avoidance schemes. Plus he answers Freelance Informer reader questions about the pending regulation of the umbrella industry to take place in April FI reader questions have been emerging following an ongoing government […]

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Naming and shaming tax avoidance schemes won’t stop loan charge suicides https://www.freelanceinformer.com/loan-charge/naming-and-shaming-tax-avoidance-schemes-wont-stop-loan-charge-suicides/?utm_source=rss&utm_medium=rss&utm_campaign=naming-and-shaming-tax-avoidance-schemes-wont-stop-loan-charge-suicides https://www.freelanceinformer.com/loan-charge/naming-and-shaming-tax-avoidance-schemes-wont-stop-loan-charge-suicides/#respond Thu, 26 Jan 2023 09:42:15 +0000 https://www.freelanceinformer.com/?p=8620

UK Business Secretary Grant Shapps’ decision to not implement a single labour market enforcement agency (as opposed to the current system of distinct bodies) could lead to more tax avoidance schemes being set up via the umbrella company industry and related loan charge suicides. HMRC has added five existing tax avoidance schemes to its online list of tax […]

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“Something doesn’t smell right”: who’s going to foot the bill for these tax avoidance schemes? https://www.freelanceinformer.com/news/something-doesnt-smell-right-whos-going-to-foot-the-bill-for-these-tax-avoidance-schemes/?utm_source=rss&utm_medium=rss&utm_campaign=something-doesnt-smell-right-whos-going-to-foot-the-bill-for-these-tax-avoidance-schemes https://www.freelanceinformer.com/news/something-doesnt-smell-right-whos-going-to-foot-the-bill-for-these-tax-avoidance-schemes/#respond Thu, 11 Aug 2022 10:17:20 +0000 https://www.freelanceinformer.com/?p=6620

What could happen to the UK’s freelancer economy if recruitment agencies and end clients start getting fined by HMRC if their freelancers/contractors are linked to a tax avoidance scheme? Will freelance job boards, recruitment agencies and even end clients ever get stuck with umbrella company tax avoidance scheme fines and unpaid PAYE or will HMRC […]

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Loan charge investigation: Zahawi must “act directly,” says APPG letter; suicide notes still considered link to HMRC misconduct https://www.freelanceinformer.com/loan-charge/loan-charge-investigation-zahawi-must-act-directly-says-appg-letter-suicide-notes-still-considered-link-to-hmrc-misconduct/?utm_source=rss&utm_medium=rss&utm_campaign=loan-charge-investigation-zahawi-must-act-directly-says-appg-letter-suicide-notes-still-considered-link-to-hmrc-misconduct https://www.freelanceinformer.com/loan-charge/loan-charge-investigation-zahawi-must-act-directly-says-appg-letter-suicide-notes-still-considered-link-to-hmrc-misconduct/#respond Sat, 30 Jul 2022 09:41:37 +0000 https://www.freelanceinformer.com/?p=6573

SPECIAL REPORT A ninth suicide has been confirmed in relation to disguised remuneration (DR) schemes, some of which are now subject to the retrospective Loan Charge. A letter from the Financial Secretary to the Treasury has confirmed the news at a time when the Chancellor of the Exchequer is dealing with questions over his own […]

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Self-employed could be “back into the abyss” https://www.freelanceinformer.com/news/self-employed-could-be-back-into-the-abyss/?utm_source=rss&utm_medium=rss&utm_campaign=self-employed-could-be-back-into-the-abyss https://www.freelanceinformer.com/news/self-employed-could-be-back-into-the-abyss/#respond Mon, 04 Jul 2022 21:16:45 +0000 https://www.freelanceinformer.com/?p=6342

British entrepreneurialism is under attack by what appears to be counterproductive government-led tax grab and hiring policies, writes Katherine Steiner-Dicks IR35, Off-Payroll rules, Loan Charges, pocketed umbrella contractor holiday pay and the pandemic-induced Excluded UK turmoil are harrowing challenges freelancers must contend with. For many independent workers, these labour and tax policies are hurting the […]

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Soul-destroying loan charge letters revealed same week as government suicide prevention campaign https://www.freelanceinformer.com/loan-charge/soul-destroying-loan-charge-letters-revealed-same-week-as-government-suicide-prevention-campaign/?utm_source=rss&utm_medium=rss&utm_campaign=soul-destroying-loan-charge-letters-revealed-same-week-as-government-suicide-prevention-campaign https://www.freelanceinformer.com/loan-charge/soul-destroying-loan-charge-letters-revealed-same-week-as-government-suicide-prevention-campaign/#respond Tue, 28 Jun 2022 15:08:54 +0000 https://www.freelanceinformer.com/?p=6330

“The Impact Statement used to persuade the House of Commons to vote [the loan charge] legislation through is an appalling indictment of #HMRC as it was deliberately designed to mislead MPs (think there were only 15 in the House when it was voted through),” says a post on the Loan Charge & Taxpayer Fairness APPG […]

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New call for adviser evidence: HMRC and Treasury continue to “seek to ignore and deny” loan charge reality on people and their families says APPG https://www.freelanceinformer.com/loan-charge/new-call-for-adviser-evidence-hmrc-and-treasury-continue-to-seek-to-ignore-and-deny-loan-charge-reality-on-people-and-their-families-says-appg/?utm_source=rss&utm_medium=rss&utm_campaign=new-call-for-adviser-evidence-hmrc-and-treasury-continue-to-seek-to-ignore-and-deny-loan-charge-reality-on-people-and-their-families-says-appg https://www.freelanceinformer.com/loan-charge/new-call-for-adviser-evidence-hmrc-and-treasury-continue-to-seek-to-ignore-and-deny-loan-charge-reality-on-people-and-their-families-says-appg/#respond Thu, 16 Jun 2022 10:57:36 +0000 https://www.freelanceinformer.com/?p=6241

APPG launches call for evidence from advisers following harrowing evidence supplied by individuals The 248-mmber strong Loan Charge and Taxpayer Fairness APPG has launched a new call for evidence, this time from advisers with clients affected by the Loan Charge. This follows an earlier call for evidence, from people directly affected by the Loan Charge, […]

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