Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many people seeking refunds of Loan Charge payments under the changes adopted following the Morse Review have been (a) successful and (b) refused.

Following Lord Morse’s Independent Loan Charge Review, the Government introduced legislation requiring HMRC to establish a scheme to repay relevant Voluntary Restitution elements of disguised remuneration settlements.

These amounts were voluntary payments that taxpayers had agreed to make as part of settlements concluded before changes were made to the scope of the Loan Charge. Individuals and employers had until 30 September 2021 to apply to HMRC for a refund or waiver.

HMRC repays amounts that were paid in disguised remuneration scheme settlements, and/or waives amounts of instalments due that have not yet been paid if certain conditions are met.

By 18 October 2021, HMRC had processed approximately 940 applications, of which approximately 740 had received either a repayment, a waiver, or both. Approximately 200 of the applications processed at that date were either invalid or ineligible.