Disguised Remuneration Loan Charge Review

(asked on 5th September 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the oral contribution of the Prime Minister of 4 September 2019, official report, column 175, what the timescale is for the review into the Loan Charge; and if he will make a statement.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 1st October 2019

The Government remains committed to tackling tax avoidance schemes based on Disguised Remuneration, but it has listened to concerns about the impact of the Loan Charge on individuals. I wrote to all MPs on 11th September with details of the independent review which the Chancellor of the Exchequer has commissioned to consider the impact of the Loan Charge.

The Review will report back in mid-November, and the Government will set out its next steps at that point, in advance of the Loan Charge falling due on 31 January 2020.

More information on the independent review is online at: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/830989/loan_charge_review_web.pdf

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