Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what circumstances are included for HMRC to extend the settlement window for people subject to the Loan Charge after 30 September 2020.
HMRC do not hold data on reports from individual taxpayers who may feel they have received incorrect advice from advisers about their settlements. A core principle of the tax system is that an individual is responsible for their own tax affairs. The actions of a third party adviser are not normally considered to be an exceptional circumstance beyond the control of the taxpayer.
HMRC are continuing settlement discussions with a relatively small number of taxpayers who were prevented from meeting the 30 September deadline by exceptional circumstances beyond their control, such as recent hospitalisation.
The criteria HMRC consider for continuing settlement discussions beyond the 30 September deadline are: