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Loan Charge Claims
If you have paid tax under the government’s Loan Charge rules or any other disguised remuneration arrangement then join our action against the HMRC to get your money back.
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What is the Loan Charge and why can I make a claim?
The Loan Charge was a one-off tax imposed by the UK government. It applied to loans taken out by employees and workers in the period from the 9th December 2010 till the 5th April 2019 and which happened to be owned by third parties on the 5th April 2019.
The text of the Loan Charge may be found in schedules 11 and 12 of the Finance (no 2) Act 2017.
No Win / No Fee
Our No Win, No Fee promise means that we will only charge a fee if we are successful in recovering a refund for you. There are no upfront costs and our fee is deducted from the HMRC settlement so you won’t have to pay anything directly out of your own pocket. Terms and Conditions of Service apply.
How do i know if I'm eligible to claim?
If you have not been assessed and did not self-assess either before the 5th April 2023, then you should be able to seek a refund from HMRC in respect of payments you made to them in relation to the Loan Charge. This even if there were enquiries opened prior to the 5th April 2019. And even if you entered into a settlement with them and made the payments under that settlement.
If you engage Chamberlain Swift, we shall write to HMRC on your behalf and obtain the refunds, which we shall then pay on to you.
It is important to note that this is an unusual case, as though HMRC have not assessed, there is no clear precedent on the legality of the Loan Charge. So, the engagement shall accordingly be open-ended in the sense that if HMRC do refuse to refund your payments, then Chamberlain Swift shall work with Counsel Setu Kamal or such other lawyer as is appropriate to take such steps as to establish the invalidity of the Loan Charge legislation. This venture is modelled on the Loan Charge Declaration, which was also a ‘get the job done’ engagement.