The Employment and Trading Income etc. (Loan Charge Settlement Scheme) Regulations 2026
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Change 1
9 Settlement offers: general
(1) A settlement offer under the Scheme must be made to a person (“P”) in accordance with this Part. (2) Save where paragraph (3) applies, a settlement offer must be calculated in accordance with the method in regulation 10. (3) If P is a corporate employer, a settlement offer may be calculated in accordance with regulation 11 (instead of the method in regulation 10). (4) A settlement offer must— (a) describe the loan charge amounts to which it relates (“relevant loan charge amounts”), (b) describe the specified connected amounts to which it relates, (c) state that, if the offer is accepted— (i) every relevant amount ceases to be, or will no longer be, payable by P, and (ii) P will instead be liable to pay the settlement amount, and (d) (unless it is withdrawn under paragraph (7)(a) or extended under paragraph (7)(b)) remain open to accept for the period provided by paragraph (8) and (9). (5) Where a settlement offer is made (and in addition to what is required by paragraph (4)(c)(i))— (a) if P is not a corporate employer, the offer may also state that, if accepted, relevant amounts described for these purposes in the offer cease to be, or will no longer be, payable by a corporate employer, or a former corporate employer, of P, or (b) if P is a corporate employer, the offer may also state that, if accepted, relevant amounts described for these purposes in the offer cease to be, or will no longer be, payable by an employee, or a former employee, of P. (6) A settlement offer must be made by the Commissioners giving P notice of the offer in writing. (7) The Commissioners may— (a) withdraw a settlement offer by giving P notice in writing; (b) extend time for acceptance of the offer under paragraph (4)(d) (including after a settlement offer has expired under that paragraph); (c) make a further settlement offer, if a settlement offer in respect of the same relevant loan charge amounts has— (i) expired, (ii) been withdrawn by the Commissioners, or (iii) been rejected (or a counter-offer to it has been made) by P. (8) The period in which a settlement offer is open for acceptance is— (a) 90 days, or (b) such longer period as the Commissioners may reasonably determine, beginning with the day the offer is made. (9) Where a settlement offer made is a further offer under paragraph (7)(c), the period in paragraph (8)(a) is 30 days. (10) Relevant loan charge amounts— (a) must not include amounts which are the subject of, or under, a contract settlement entered into before 1st June 2021; (b) may include amounts which have been assessed (including self-assessed), whether or not that assessment is final.
9 Settlement offers: general
(1) A settlement offer under the Scheme must be made to a person (“P”) in accordance with this Part. (2) Save where paragraph (3) applies, a settlement offer must be calculated in accordance with the method in regulation 10. (3) If P is a corporate employer, a settlement offer may be calculated in accordance with regulation 11 (instead of the method in regulation 10). (4) A settlement offer must— (a) describe the loan charge amounts to which it relates (“relevant loan charge amounts”), (b) describe the specified connected amounts to which it relates, (c) state that, if the offer is accepted— (i) every relevant amount ceases to be, or will no longer be, payable by P, and (ii) P will instead be liable to pay the settlement amount, and (d) (unless it is withdrawn under paragraph (7)(a) or extended under paragraph (7)(b)) remain open to accept for the period provided by paragraph (8) and (9). (5) Where a settlement offer is made (and in addition to what is required by paragraph (4)(c)(i))— (a) if P is not a corporate employer, the offer may also state that, if accepted, relevant amounts described for these purposes in the offer cease to be, or will no longer be, payable by a corporate employer, or a former corporate employer, of P, or (b) if P is a corporate employer, the offer may also state that, if accepted, relevant amounts described for these purposes in the offer cease to be, or will no longer be, payable by an employee, or a former employee, of P. (6) A settlement offer must be made by the Commissioners giving P notice of the offer in writing. (7) The Commissioners may— (a) withdraw a settlement offer by giving P notice in writing; (b) extend time for acceptance of the offer under paragraph (4)(d) (including after a settlement offer has expired under that paragraph); (c) make a further settlement offer, if a settlement offer in respect of the same relevant loan charge amounts has— (i) expired, (ii) been withdrawn by the Commissioners, or (iii) been rejected (or a counter-offer to it has been made) by P. (8) The period in which a settlement offer is open for acceptance is— (a) 90 days, or (b) such longer period as the Commissioners may reasonably determine, beginning with the day the offer is made. (9) Where a settlement offer made is a further offer under paragraph (7)(c), the period in paragraph (8)(a) is 30 days. (10) Relevant loan charge amounts— (a) must not include amounts which are the subject of, or under, a contract settlement entered into before 1st June 2021; (b) may include amounts which have been assessed (including self-assessed), whether or not that assessment is final.
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