Government response to Loan Charge scandal ‘disappointing’, says IPSE

(2 minutes to read)

IPSE: ‘After the damaging and unjust mess of the Loan Charge scandal, affected contractors should not have to be applying for a refund at all: they should have been automatically repaid’.

The IPSE is urging the government to ensure all refund requests from contractors affected by the Loan Charge are processed as quickly as possible.

The Association of Independent Professionals and the Self-Employed (IPSE) believes that the government’s ‘sluggish’ refunds for only a small proportion of contractors is ‘doubly disappointing’.

Andy Chamberlain, Director of Policy at IPSE, explained further, “After the damaging and unjust mess of the Loan Charge scandal, affected contractors should not have to be applying for a refund at all: they should have been automatically repaid. It is therefore doubly disappointing that the government has been so sluggish to refund just a small proportion of those affected.”

Thinking of appointing Dolan Accountancy?

Give us a call on 01442 795 100 or email

Email Jaime

Chamberlain added, “Since the government ultimately accepted the recommendations of the Sir Amyas Morse Review in 2019, it should work to ensure all refund applications from contractors who were negatively affected by the Loan Charge scandal are processed as quickly as possible.

“IPSE are still deeply troubled by the approach government took to the Loan Charge: instead of targeting the individuals who entered into these schemes – in many cases unwittingly – it should have gone after the true villains, the promoters and providers of disguised remuneration schemes.

“Government should also look to the future: the changes to IR35 have pushed huge swathes of the contractor population into the unregulated umbrella market where disguised remuneration schemes are still being promoted. Government must clear up the mess after IR35 and ensure more contractors do not end up entangled in these schemes.”

To find out more about contracting please contact Jaime on 01442 795 100 or email

You may also like to read

IPSE welcomes government’s loan charge review

With the government announcing its new loan charge review last week, the IPSE has welcomed the decision. Chris Bryce, CEO of ...

Read More

IPSE supports House of Lords criticism of HMRC’s 2019 Loan Charge

The Association of Independent Professionals and the Self-Employed (IPSE) are backing a House of Lords report condemning HMRC’s ‘aggressive’ compliance ...

Read More

Loan charge tax return demand ‘unhelpful’, says LITRG

LITRG is calling on HMRC to consider removing the requirement that those in the loan charge settlement process – who ...

Read More

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year.
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
  • Same day payments- We offer same day payments as standard providing funds are received into our account by 9am, for no additional fee.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email or