The loan charge was introduced to tackle the use of certain tax avoidance schemes that aimed to circumvent Income Tax and National Insurance by disguising remuneration as loans. However, HMRC’s policy and settlement process for loan charge liabilities have led to complex and long-standing issues, with many taxpayers facing significant financial hardship.

An independent review of the loan charge is currently underway, focusing on cases where tax liabilities remain unresolved. If you have been affected and would like to submit evidence, please get in touch with us.