The UK government's independent review of the loan charge has faced sharp criticism from campaigners who label it a 'sham'. Tasked with evaluating barriers to tax resolution, the review has been declared inadequate because it will not reassess the fairness of the loan charge itself. Critics, including the Loan Charge Action Group, argue that the review excludes crucial elements of how the charge was instituted and its impact on freelance workers affected by backdated tax bills. The conversation around the loan charge highlights unresolved issues from historical tax laws that have left many in financial distress.
The government has announced an independent review into the loan charge, yet critics argue it dismisses the fundamental issues surrounding the charge itself.
Loan Charge Action Group founder Steve Packham claimed the review is a 'sham' that fails to address the core issues and criticisms of HMRC's implementation.
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