The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse's independent review of the loan charge policy and its implementation. The government has announced the following key changes to the loan charge: the loan charge will apply only to outstanding loans made on, or after, 9 December 2010 the loan charge will not apply to outstanding loans made in any tax years before 6 April 2016 where the avoidance scheme use was fully disclosed to HMRC and HMRC did not take action affected taxpayers can elect to spread the amount of their outstanding loan balance evenly across three tax years: 2018/19, 2019/20 and 2020/21. Please contact us for advice with this issue. Internet link: GOV.UK independent loan charge review