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Written question asked by Anna Gelderd (Labour) on Tuesday, 23 June 2026, in the House of Commons. It was due for an answer on Thursday, 25 June 2026. It was answered by Dan Tomlinson (Labour) on Monday, 29 June 2026 on behalf of the Treasury.


Tax Avoidance

Question

To ask the Chancellor of the Exchequer, what steps HMRC is taking to ensure the timely processing of settlements arising from the implementation of the Independent Review of the Loan Charge.

Answer

The new Loan Charge Settlement Opportunity (LCSO) is currently being legislated for and represents a fair and proportionate attempt to provide a route to resolution for those who have not yet been able to settle with HMRC. In turn, this requires taxpayers to now come forward and engage with HMRC in good faith.

When the new settlement opportunity is enacted, HMRC will contact customers again, in stages, to explain what it means for them based on their specific circumstances.


Secondary information

Type
Written question
Reference
12529
Session
2026-27
Subjects
Revenue and Customs Repayments Tax avoidance Independent Review of the Loan Charge
Link
View this Written question on www.parliament.uk