Committee publication · Correspondence · 16 July 2026
Letter from the Chair to the Permanent Secretary of HM Revenue & Customs relating to Loan Charge, dated 16 July 2026
From: Public Accounts Committee
Inquiry: Large business tax compliance
Summary
The Public Accounts Committee Chair writes to HMRC's Permanent Secretary seeking clarification on the Loan Charge's administration costs since 2019, the number of settlements reached, spending to date, projected costs for remaining 37,000 cases, and how value for money is being ensured. Response requested by 30 July 2026.
Key findings
- Loan Charge administration costs since 2019 implementation require clarification from HMRC
- Committee seeks data on number of settlements reached and expenditure to date
- HMRC projected to have 37,000 remaining cases to resolve
- Committee questioning value for money in the settlement process
- Inquiry into Loan Charge prompted by larger 'large business tax compliance' investigation
Tone
ProceduralTopics
public-financetax-administrationvalue-for-money
Key actors
Sir Geoffrey Clifton-Brown MP, John-Paul Marks CB, HM Revenue & Customs, Public Accounts Committee
Notable line
“It would be helpful if you could clarify the ongoing costs of the Loan Charge.”
Key Quotes
“It would be helpful if you could clarify the ongoing costs of the Loan Charge. We also request further information on the number of settlements that have been reached to date, and how much HMRC has spent on these, along with how much you project it will cost to resolve the remaining 37,000 cases.”
Source · parliament.uk record ↗