Question to the HM Treasury:
To ask the Chancellor of the Exchequer, how many and what proportion of individuals affected by the Loan Charge have been (a) contacted by an Enquiry Officer when their case is placed on hold for any reason and (b) updated annually about the status of their open tax enquiry.
HMRC has opened approximately 25,000 enquiries into individuals who are subject to the Loan Charge. As part of its overall compliance processes and its commitment to update taxpayers at least annually, all of these taxpayers should have received correspondence from HMRC in the last 12 months, either to open the enquiry or to update them on their position.