Tax Avoidance
The question
To ask the Chancellor of the Exchequer, with reference to FOI2024/01172, if HMRC will now extend 85% discounts to individual taxpayers affected by the Loan Charge.
Answered by Dan Tomlinson
The Government 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 Government will respond by Autumn Budget 2025.
During Oral Questions on 1 July 2025, the honourable member for Mid Buckinghamshire referred to comments made by an external stakeholder that were shared under the Freedom of Information Act 2000. HMRC Officials do not recognise the allegation that HMRC agreed deals with large employers allowing them to settle disguised remuneration liabilities for less than was legally due.
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