Loan charge early years collectable or not

The request was refused by HM Revenue and Customs.

Dear HM Revenue and Customs,

An extract from the PAC session on 21/10/2019 :-

"Sir Geoffrey Clifton-Brown: May I clarify a question I asked in a previous session on this? Are all the early years still collectable?

Jim Harra: In relation to the settlements year on year, there may be some cases where some years would normally be out of time for us to assess, because we might not have opened an inquiry or made an assessment in time. However, that does not affect the operation of the loan charge, which is a charge on the outstanding balances on loans at 5 April. "

In the context of Jim Harra's answer above, can you detail the number of cases where the loan charge captures a payment made to a taxpayer but HMRC are out of time to assess that payment through other means?

Yours faithfully,

Julia Cope

foi.team@hmrc.gsi.gov.uk on behalf of FOI Central Team, HM Revenue and Customs

Our ref: FOI2019/02449

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foi.team@hmrc.gsi.gov.uk on behalf of FOI Central Team, HM Revenue and Customs

1 Attachment

Dear Ms Cope

I am writing in response to your request for information, received on 13
November 2019.

Yours sincerely,

HMRC Freedom of Information Team