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Readers' forum: Now or never?

12 February 2019
Issue: 4683 / Categories: Forum & Feedback
Loan charge advice currently under review

I have many clients who are affected by the loan charge which is due to come into effect on 5 April. I have seen the reports that the government has agreed to a review of the charge and that the review will be completed by 30 March.

I am struggling to know what to say to my clients. Should they still be preparing to pay the loan charge or is this review a signal that the charge is about to be abolished. I also act for clients who intend to settle their employee benefit trust enquiries before the loan charge comes in because this will give them certainty and often a better result. Should these clients still settle or should they wait until the outcome of the review? The timing of this seems impossibly tight because if the review does change the rules there will be almost no...

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