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Independent review of the Loan Charge

The government has initiated a review of the Loan Charge and whether the policy is an appropriate way of dealing with disguised remuneration loan schemes used by individuals who entered directly into these schemes to avoid paying tax.

Sir Amyas Morse, the former Comptroller and Auditor General and Chief Executive of the National Audit Office (NAO), will lead an independent review of the Loan Charge.

The government has asked Sir Amyas Morse to report back by mid-November, giving taxpayers certainty ahead of the January Self Assessment deadline.

Internet link: GOV.UK news

Government launches small business micro loan scheme

06 May 2020

On 4 May 2020 the government launched the Bounce Back Loan Scheme.

Lenders relax evidence requirements for business interruption loan scheme applications

06 May 2020

On 27 April 2020 the UK's seven largest small business lenders announced they had relaxed their evidence requirements for applications to the Coronavirus Business Interruption Loan Scheme (CBILS).

Job Retention Scheme goes live

06 May 2020

On 20 April 2020 the government's Coronavirus Job Retention Scheme went live for applications.