Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to delay the date for reporting the Loan Charge and concluding settlement agreements as a result of the covid-19 outbreak.

Her Majesty’s Revenue and Customs (HMRC) announced in December 2019 that they would extend the deadline from 31 January 2020 to 30 September 2020, for individuals due to pay the Loan Charge, to submit their 2018/19 Self Assessment returns.

This deadline has long been established and the extension has given taxpayers an additional eight months to file their returns and, if they choose to, reach a settlement agreement with HMRC.

The Government has no plans to extend the deadline beyond 30 September 2020. HMRC will take a proportionate and reasonable approach to anyone who is unable to reach a settlement agreement or file their tax return by the 30 September 2020 deadline as a direct result of COVID-19.