Loan Charge Impact on Mental Health 2023-02-07
2023-02-07
TAGS
Response quality
Questions & Answers
Q1
Partial Answer
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Context
The question arises from concerns about the mental health impact of individuals affected by the loan charge. There have been documented cases including 10 suicides.
I am concerned about the potential impact of the loan charge on the mental health of those affected. Can you assess this and confirm if schemes that the charge was intended to stop are still operational?
The Government recognise the impact of the loan charge and have accepted 19 out of 20 recommendations from Lord Morse's review. HMRC has support teams with trained advisers to help affected individuals, including referrals to the Independent Office for Police Conduct regarding 10 deaths.
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Assessment & feedback
Whether loan schemes that the charge was set up to stop are still in operation
Acknowledge Impact
Refer To Support Teams
Response accuracy
Q2
Partial Answer
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Context
There are concerns about the mental health impact of the loan charge, with 10 suicides documented. The question seeks clarity on ongoing schemes that may be similar to those the charge was intended to stop.
HMRC has acknowledged ten suicides related to the loan charge. Can you confirm if loan schemes like those targeted by the charge are still operational? What measures are in place to prevent further tragedies?
The Independent Office for Police Conduct has been referred to regarding ten deaths related to the loan charge. No misconduct was found in eight concluded investigations, but HMRC supports taxpayers through extra support teams offering help and time-to-pay options.
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Assessment & feedback
Whether similar loan schemes are still operational
Acknowledge Deaths
Refer To Support Teams
Response accuracy
Q3
Partial Answer
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Context
The loan charge process has been ongoing for some time, raising questions about its effectiveness and potential moral hazards.
Given that the hopes on the loan charge's introduction have not been fully realised, with it now having gone on for a considerable period, will my hon. Friend look into ways to conclude this HMRC scheme?
We have had an independent review which has reduced the number of people affected, but a large sum of money is still outstanding from these disputes. I encourage anyone affected by historic issues to talk to HMRC for resolution.
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Assessment & feedback
Specific examination of ways to conclude the scheme
Acknowledge Independent Review
Refer To Ongoing Disputes
Response accuracy