Explained in plain English

What is the Loan Charge?

The Loan Charge was introduced in 2019 to tackle a type of tax avoidance where people were paid in loans that were never intended to be repaid. These schemes allowed individuals to avoid income tax and National Insurance. HMRC is now offering a new scheme to help people settle these outstanding tax bills.

Stories that explain this

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

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