Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if she will hold discussions with HMRC on the difference between the loan charge settlement terms offered to (a) large companies and (b) other people.

The Government commissioned an independent review of the loan charge to help bring the matter to a close for those affected whilst ensuring fairness for all taxpayers. The Government will respond by Autumn Budget 2025.

HMRC applies the law fairly and consistently in accordance with its published Litigation and Settlement Strategy (LSS). This ensures every taxpayer, no matter who they are, pays the tax due under the law.

Central to the LSS is that HMRC will not settle a dispute by agreement for an amount which is less than it would reasonably expect to obtain from litigation.

HMRC’s Litigation and Settlement strategy can be found on gov.uk: www.gov.uk/government/publications/litigation-and-settlement-strategy-lss