What if a settlement has already been reached?
For taxpayers who have reached a settlement with HMRC before the changes to the loan charge were announced, you may receive a refund of some, or all, of the amount paid.
HMRC will not be able to process any refunds until changes to the loan charge legislation have been enacted by Parliament. Further details will be published by HMRC in early 2020.
How we can help
If you have already reached a settlement and paid in full, we can advise, quantify your claim and obtain a repayment.
If you are are in the process of reaching a settlement with HMRC (pending the outcome of this review) or still paying under a time to pay arrangement, we can advise you of the impact of these proposed changes and reduce any future payments accordingly.
Get in touch with our specialist team for help and advice on these key changes to the loan charge.