Cross-border tax complexity cost the UK economy £47.6 billion in...
Cross-border tax complexity cost the UK economy £47.6 billion in lost revenue last year — an average revenue loss of...READ MORE
The Loan Charge All-Party Parliamentary Group (APPG) has accused the Treasury of lying in its recent report on loan charge.
In a letter to the Chancellor, members of the APPG said the report had falsely claimed that that it had not met its commitment to send individual cases of taxpayers facing the loan charge.
The report, published last week by the Treasury, stated that none of the submissions sent in had "sufficient" consent for HMRC to be able to respond to the individual taxpayers.
However, the APPG said that this was a "false claim", stating that it had submitted 70 individual cases to HMRC on 8 March, all of which had given the necessary permissions.
The APPG added that it had "no further correspondence from HMRC regarding the submissions".
HMRC had "reneged on what was agreed", the APPG said, and called for a public apology to be made alongside a correction of the claims in the report.
"It is disgraceful that the Treasury have published a false statement in their dreadful whitewash report into the loan charge. We agreed, in person and in writing, to send taxpayer submissions to HMRC and they agreed to write to us about them," Sir Ed Davey, chair of the APPG, said.
"We did exactly what we said we would. They reneged on what was agreed and failed to write to us at all in response."