MPs have called for the controversial loan charge to be changed after it emerged that there had been at least ten cases of suicide among those facing demands for payment under the scheme.

The introduction of the loan charge in 2017 meant that all individuals who had received loans from service companies through disguised remuneration trusts as far back as 1999 were required to either repay the loans or be charged at 45% in 2019-20 on the loans outstanding.

HMRC issued charge notices to people who took part in loan schemes that were disguised remuneration schemes, which allowed people to avoid paying national insurance and income tax.