Skip to main content
search

The Association of Independent Professionals and the Self-Employed (IPSE) are backing a House of Lords report condemning HMRC’s ‘aggressive’ compliance efforts on the 2019 Loan Charge.

The report has recommended a more reasonable approach to those who have suffered tremendous strain because of the schemes.

Andy Chamberlain, IPSE’s Deputy Director of Policy, commented, “HMRC’s aggressive approach to the 2019 Loan Charge has caused financial ruin and serious emotional distress for tens of thousands of taxpayers and their families.

“A central criticism of the House of Lords’ report is that HMRC has been too aggressive in its pursuit of those who used the schemes. Instead, like IPSE, the report calls for HMRC to re-focus its compliance efforts on those who had promoted and profited from their use.

Still thinking about if you should join Dolan Accountancy?

Give us a call on 01442 795100 or email jaime.thorpe@dolanaccountancy.com

Email Jaime

“The report’s description of HMRC’s approach as ‘aggressive’, ‘unfair’, ‘devastating’ and a ‘tax on justice’ is a damning indictment of a retrospective taxation which has left many with substantial repayment demands. Indeed, at a recent Westminster Hall Debate, a group of cross-party MPs called on the Government to stop applying the tax retrospectively.

“IPSE recently wrote to the Chancellor to urge the government against this most aggressive approach to tax compliance. With IR35 reforms already ravaging the self-employed, HMRC must find a better balance and treat taxpayers fairly.

“It is right to tackle tax evasion and tax avoidance but its approach – which HMRC itself has conceded will cause some individuals to ‘become insolvent’ – is having a chilling effect on our flexible labour market.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
x

Not Found What You’re Looking For?

Speak to an ExpertLimited or Umbrella?
Exit
Take Home Pay Calculator