PARLIAMENTARY WRITTEN QUESTION
(4 March 2025)
Question Asked
To ask the Chancellor of the Exchequer, what estimate she has made of the number of people made bankrupt by the Loan Charge.
Asked by:
Vikki Slade (Liberal Democrat)
Asked by:
Vikki Slade (Liberal Democrat)
Answer
HMRC will only ever consider initiating bankruptcy as a last resort, where they have been unable to work with the customer to agree a manageable payment plan. HMRC will also not force anyone to sell their main home or access their pension funds early to pay their Loan Charge or disguised remuneration debts.
Answered by:
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