Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will take steps to ensure that HMRC does not enforce payment of the Charge or settlement sums by people facing bankruptcy as a result of the Loan Charge.

There are many reasons why someone might be facing bankruptcy, including as a result of a non-HMRC debt. Some individuals may choose to enter insolvency themselves based on their overall financial position. HMRC are therefore unable to determine if an individual is facing bankruptcy as a result of the Loan Charge specifically. However, HMRC only ever consider enforcement action as a last resort and will always attempt to engage in discussion with a taxpayer regarding payment, and where appropriate, agree a manageable payment arrangement based on individual circumstances. In addition, HMRC will only ever consider pursuing bankruptcy as a last resort, for example where the taxpayer is refusing to pay but has the ability to do so.