Disguised Remuneration Loan Charge Review

(asked on 7th February 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what progress has been made on implementing the recommendations of the Morse Review into the Loan Charge; and what work remains outstanding.


Answered by
Lucy Frazer Portrait
Lucy Frazer
Secretary of State for Culture, Media and Sport
This question was answered on 14th February 2022

The Government announced the Loan Charge at Budget 2016, deciding that the Loan Charge is the right way to tackle and draw a line under the use of Disguised Remuneration (DR) schemes.

The Independent Loan Charge Review was led by Lord Morse in 2019. The Review drew upon all the available evidence and expert advice to consider the appropriateness of the Loan Charge as a policy response and its impact on individuals, reflecting the main concerns that had been raised by MPs and campaigners.

The Government recognised the concerns raised by the Review and accepted 19 of the Review’s 20 recommendations. The Government implemented a number of changes to the Loan Charge, which were enacted in Finance Act 2020.

On 3 December 2020, HMRC published a full report to Parliament on the implementation of the review recommendations. This report set out how HMRC had delivered the 19 recommendations which were accepted by the Government.

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