Loan charge review

The Chancellor, Sajid Javid, has commissioned an independent review of the Disguised Remuneration Loan Charge. This is to be led by will be led by Sir Amyas Morse, former Chief Executive and Comptroller and Auditor General of the National Audit Office and will focus on the impact of the Loan Charge on individuals who have directly entered into disguised remuneration schemes.

'The review will report and provide independent recommendations to the government by mid-November. While the review is ongoing, the Loan Charge remains in force, in line with current legislation. The government will consider and respond to the outcome of the Review once it has concluded.'

HMRC has also published guidance on what to do for those taxpayers who have either already settled their affairs or who are in the process of taking action.