Yet another Loan Charge review

HMRC has announced another review of the Loan Charge, but this doesn’t mean any clients affected should sit back and relax. Here’s my advice on what clients should be doing while the review takes place.

Has HMRC got your number?

HMRC Data

HMRC use various methods to collect data on taxpayers. Even the smallest amount of data can lead HMRC to investigate further. Your clients choosing to make a disclosure before HMRC investigate could be a good option.