PARLIAMENTARY WRITTEN QUESTION
(28 August 2026)

As of March 2025, HM Revenue and Customs estimates that approximately 32,000 individuals and 5,000 employers have liabilities that have not been paid in full and are therefore considered to be in scope of the review. Some taxpayers will have more than one liability.

The Government commissioned an independent review of the loan charge to bring the matter to a close for those who have not settled and paid their loan charge liabilities. The Government accepted all but one of the independent review’s recommendations and in some cases is going further. Around a third of people will have their liabilities written off entirely. Most will see reductions in their liabilities of at least 50%.

The legislation for the Loan Charge Settlement Scheme came into force on the 05 August 2026, HMRC is now writing to customers inviting them to settle under the new settlement scheme.