Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many people who have been in settlement discussions with HMRC on the Loan Charge have settled their case.
About 5,600 employers and individuals settled their use of disguised remuneration tax avoidance schemes in the period to 30 September 2020, in addition to the about 11,000 employers and individuals who settled their use of disguised remuneration schemes between Budget 2016 and 31 March 2020.
Further information on settlements is available in HMRC’s report to Parliament on the implementation of the recommendations of the independent Loan Charge Review, which was published on 3 December: https://www.gov.uk/government/publications/independent-loan-charge-review-hmrc-report-on-implementation.