Business · 4 September 2026

HMRC offers scheme cutting tax avoidance loan bills by up to £70,000

Illustration: AI-generated for editorial context. Not photographic evidence.

HMRC is writing to thousands of people and employers about a new Settlement Scheme for outstanding Loan Charge liabilities. The Settlement Scheme could reduce their tax bills by up to £70,000, with some even settling for free. Customers can agree payment plans, including options to pay over five years or longer.

By BriefTea Editorial · 4 September 2026 at 5:18

Reported by Daily Express · How we write briefs

Get the app

Understand this story

What is tax avoidance? How do countries tackle avoidance? What is the Loan Charge?

More briefs

BusinessApple to see UK crackdown on iPhone contactless payment fees BusinessRyanair boss warns of biggest ever European flight price hike BusinessThames Water creditors name Labour peer John Hutton as chair for proposed rescue BusinessMillions of Revolut and Lloyds customers hit by major outage BusinessElizabeth Holmes Documentary Takes $15m in Biggest Opening in 20 Years BusinessMortgage Deals Vanishing at Fastest Rate on Record More business stories → Browse all stories →