With their video, press release and guidance, HMRC is encouraging people with outstanding loan charge liabilities to consider the new settlement opportunity. 

The Low Incomes Tax Reform Group (LITRG), an initiative of the Chartered Institute of Taxation, has warned that an HMRC proposal to make it easier to prosecute taxpayers could have a detrimental impact on low-income unrepresented taxpayers.

The Chartered Institute of Taxation’s Low Incomes Tax Reform Group (LITRG) has reacted to HMRC’s news that 436,000 people have filed their first quarterly update for Making Tax Digital for Income Tax.

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.

Not sure where to turn with a tax problem? Our new Tax Help Hub brings together information on the different sources of tax support available, helping you find the option that's right for your circumstances.

Regulations setting out details of the new loan charge settlement opportunity have now been laid before Parliament.