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<p>The Government estimates that around 50,000 individuals will be affected by the
2019 loan charge. More than 28,000 scheme users expressed an interest in settling
their tax affairs, with over 19,000 returning their information under the settlement
terms, which were published in November 2017.</p><p> </p><p>HMRC are currently working
through the settlement process with scheme users who came forward to settle their
tax affairs before 5 April 2019. However, for those customers who are at the final
stages of settling, HMRC will allow sufficient time for them to make their decision
and sign their settlement paperwork. HMRC will ensure that no one is disadvantaged
by any HMRC delay.</p><p> </p><p>Since the loan charge was announced, HMRC have agreed
around 7,000 settlements with employers and individuals, worth over £1.5 billion.
It is too early to determine how many scheme users who are liable to the loan charge,
will have complied with their filing/reporting obligations.</p>
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