Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential merits of deferring Loan Charge legislation in line with the decision announced on 17 March 2020 to defer the implementation of IR35 reforms.

Those affected by the Loan Charge who were required to submit a Self-Assessment return for 2018-19 can defer sending their return until 30 September 2020, without having to pay late filing or late payment penalties, or interest for the period.

HMRC will keep this situation under review over the coming months and will take a proportionate and reasonable approach to anyone who is unable to submit their return as a result of COVID-19.