Treasury written question – answered at on 3 December 2024.
Neil Coyle
Labour, Bermondsey and Old Southwark
To ask the Chancellor of the exchequer, if she will pause action related to the IR35 loan charge while the newly announced review is underway.
James Murray
The Exchequer Secretary
IR35 rules are distinct from the Loan Charge.
The Government has now announced a further independent review of the Loan Charge to help bring the matter to a close for those affected whilst ensuring fairness for all taxpayers. The Government will provide further details on the review in due course.
Yes2 people think so
No5 people think not
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The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
