Question to the HM Treasury:

To ask the Chancellor of the Exchequer, how many and what proportion of people seeking refunds due to the changes recommended by the Morse Review have been refunded by HMRC.

Following Lord Morse’s Independent Loan Charge Review in 2019, HMRC established the Disguised Renumeration (DR) Repayment Scheme 2020 to repay 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 DR scheme settlements, and/or waives amounts of instalments due that have not yet been paid if certain conditions are met.

As of 28 October 2022, HMRC had processed over 2350 applications, of which over 1350 had received either a repayment, a waiver, or both. Over 1000 of the applications processed at that date were either invalid or ineligible.