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Loan Charge 2019

Part of Treasury – in the House of Commons on 11th February 2020.

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Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

Of the estimated 50,000 individuals affected by the loan charge, the Government currently estimate that more than 30,000 will benefit from the changes. That includes about 11,000 people who will be taken out of paying altogether. In addition, individuals who have settled or who are settling their tax liability with Her Majesty’s Revenue and Customs will be out of scope of the charge.