PARLIAMENTARY WRITTEN QUESTION
(15 January 2025)

To ask the Chancellor of the Exchequer, how many people HMRC has identified as being liable for the Loan Charge who have not yet (a) paid and (b) settled to avoid it (i) in total and (ii) by Parliamentary constituency.

Asked by:
Mr Joshua Reynolds (Liberal Democrat)

HMRC has previously estimated that around 40,000 individuals and 5,000 employers were liable to the Loan Charge and were yet to settle with HMRC, including those who had settled some but not all of their liabilities. This information is not available at parliamentary constituency level.

Between Budget 2016 and 31 March 2024, HMRC agreed just over 25,000 settlements with employers and individuals of their disguised remuneration schemes, bringing into charge around £4.2 billion in revenue.

Answered by:
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