Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what initial estimate he made of the number of people who will be required to pay tax liabilities to HMRC as a result of the disguised remuneration 2019 Loan Charge.

The Government estimates that up to 50,000 individuals will be affected by the 2019 loan charge. Further information can be found in the ‘Disguised remuneration: further update’ policy paper: https://www.gov.uk/government/publications/disguised-remuneration-further-update/disguised-remuneration-further-update.

Information on how many DR scheme users have repaid their loans is not held. Individuals who have repaid their DR loans must provide this information to HM Revenue and Customs (HMRC) by 30 September 2019.

HMRC has agreed settlements with over 5,000 individuals and employers since the announcement of the 2019 loan charge at Budget 2016. This has raised over half a billion pounds for the Exchequer. Information is not held on how many people have settled as a direct result of the loan charge as it is one of a number reasons for settling with HMRC.