This week’s UK tax tidbits, 23 September 2019

Loan charge review and 30 September deadline and the latest HMRC performance stats feature this week.  

• Last week HMRC confirmed that the government has announced an independent review of the loan charge. However, the loan charge remains in force during the review. Therefore, taxpayers remain responsible for reporting outstanding loans to HMRC by the deadline of 30 September 2019 unless a settlement with HMRC has been reached or is in the process of being finalised 
• HMRC has updated the list (List 3) of professional bodies and learned societies, approved by HMRC for the purpose of section 344 ITEPA 2003 (allowable deductions from earnings for fees and subscriptions paid to professional bodies/learned societies 
• Rates and thresholds for employers: 2019 to 2020 has been updated 
• The advisory fuel rates which should be used from 1 September 2019 have been published 
• The latest Pension schemes newsletter (August 2019) is available 
• Help and support for tax agents and advisers has been updated 
• The latest HMRC performance stats have been published: HMRC monthly performance report: July 2019, HMRC quarterly performance update - April to June 2019 and HMRC monthly performance reports 
• The following helpsheets have recently been published: Capital Gains Tax relief on gifts and similar transactions (Self Assessment helpsheet HS295) and Dual residency (Self Assessment helpsheet HS302)