Independent Review of the Loan Charge
The question
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the adequacy of the independence of the Independent Review of the Loan Charge Scandal.
Answered by James Murray
The Government has commissioned an independent review of the Loan Charge to help bring the matter to a close for those affected whilst ensuring fairness for all taxpayers.
The independent review is being led by Ray McCann, a highly respected figure in the tax world whose name was suggested by one of the Loan Charge campaigners. Mr McCann is being supported by a team of officials who have not previously worked on this policy area and are based outside of the Treasury and HMRC. The reviewer will have the final say on what is included in his report and is responsible for deciding how to conduct the review.
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