Vanilla Panda

It’s a difficult question, and I’ll try and answer it plainly rather than like a politician (which i'm not!). My personal view is that the Loan Charge has been a shambles from start to finish. Poorly implemented, often targeting the wrong people, and taking far too long for government to recognise the harm it caused. From a professional perspective, it’s also clear Ray was in an almost impossible position. I don’t think any review was ever going to satisfy everyone. It was always likely to land somewhere in the middle - leaving many unhappy, but hopefully producing something people could at least live with. What worries me more is what’s happened since. HMRC’s slow adoption and the lack of clear guidance on what they are actually implementing and when risks repeating the same mistakes. Only today I had correspondence from Counter Avoidance saying further information would follow “over the next few months once guidance is implemented”. Until that happens, a lot of uncertainty and anxiety unfortunately remains.