Loan charge settlement offers: resources to help you understand your offer
HMRC have started to issue loan charge settlement offers under the new settlement terms. If you receive an offer, the resources below can help you understand what it means, the checks you should make and what steps you may need to take next.
The Employment and Trading Income etc. (Loan Charge Settlement Scheme) Regulations 2026 were laid before Parliament on 15 July 2026. These regulations set out the detailed rules for the new settlement opportunity.
You can find background information and a link to the new regulations in our announcement.
HMRC are now able to start issuing settlement offers based on the new terms. To help you understand any offer you receive and what to do next, we have written three articles for ContractorUK:
May 2026 – an outline of the new settlement opportunity
This article, based on a case study, explains how the new settlement opportunity could work in practice and how it could reduce the liability for some contractors affected by the loan charge – in some cases significantly.
June 2026 – instalment options and forward interest
This article explains HMRC’s revised approach to forward interest on instalment settlements and how it could reduce costs for some taxpayers, including contractors with loan charge-related issues.
July 2026 – three things to know about your settlement offer
This article explains the three key things to bear in mind once you have received your offer:
- the formal steps you need to take – even if your offer is £0
- why HMRC are using simplified calculations and what this might mean for you
- how to check – and challenge if necessary – the figures used for the untaxed income, even if you don’t have bank statement evidence.
You can find further information and articles about the loan charge in our website guidance.
