Loan charge review - Government response is here Loan charge review - Government response is here
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  1. #1

    Super poster


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    Best Forum Adviser & Forum Personality of the Year 2018.

    (No, me neither).

  2. #2

    More time posting than coding


    Join Date
    Jun 2017
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    Woohoo

    All my loans are pre-2010 closed years! No more LC -
    Now that is a lovely Christmas present!

  3. #3

    Nervous Newbie


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    I'll only be celebrating if the Tories actually take any notice and HMRC don't try to hold me to my signed "voluntary" settlement.

  4. #4

    Should post faster


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    Quote Originally Posted by starstruck View Post
    Woohoo

    All my loans are pre-2010 closed years! No more LC -
    Now that is a lovely Christmas present!
    Why are you saying "Closed Years" - It looks to me it's any year - am i missing the point?

    Alos, what about any APN already paid - do I get that back?

  5. #5

  6. #6

    More time posting than coding


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    Quote Originally Posted by demby View Post
    Why are you saying "Closed Years" - It looks to me it's any year - am i missing the point?

    Alos, what about any APN already paid - do I get that back?
    existing enquiries remain open I think

  7. #7

    More time posting than coding


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    Quote Originally Posted by Speccy View Post
    I'll only be celebrating if the Tories actually take any notice and HMRC don't try to hold me to my signed "voluntary" settlement.
    It says hmrc are going to refund voluntary settlements

  8. #8

    More time posting than coding


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    Quote Originally Posted by Speccy View Post
    I'll only be celebrating if the Tories actually take any notice and HMRC don't try to hold me to my signed "voluntary" settlement.
    If you settled post March 2016 (when the Loan charge was announced) then it seems that you will get a refund. So you should get a refund on all closed years but not open years. All open enquiries will still remain open (unless settled already)

  9. #9

    Fingers like lightning


    Join Date
    Jan 2015
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    Quote Originally Posted by starstruck View Post
    Woohoo

    All my loans are pre-2010 closed years! No more LC -
    Now that is a lovely Christmas present!
    Unless you've already gone and got them released...

    If you've done that you might need to do some more lobbying.

  10. #10

    Fingers like lightning


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    Quote Originally Posted by demby View Post
    Alos, what about any APN already paid - do I get that back?
    No change - you will still need to deal with that.

    Quote Originally Posted by HMRC
    Open enquiries
    Paying the loan charge does not resolve the underlying tax dispute with HMRC for the years in which loans were made. Tax years that are subject to an open enquiry or assessment will still need to be resolved, either by way of settlement with HMRC or through litigation.

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