The Loan Charge, a worry for any contractors who used such a scheme in the past, has also recently been the subject of a review. For those that have forgotten, the loan charge was an umbrella scheme which paid workers partly by way of taxable income and partly by way of a loan which was never intended to be repaid. It will be clear to most that this is a method of tax avoidance, but in the 90’s when the scheme was at its most popular it was promoted by accountants and legal advisors alike. The results of the review can be found here: