Andy Chamberlain, Director of Policy at IPSE commented on the matter.
He said: “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.”
Mr Chamberlain went on to draw attention to the fact the Government had excepted the recommendation of the Sir Amyas Morse Review.
This was an independent Loan Charge Review, which raised certain concerns about the policy.
However, ultimately, Sir Amyas stated he supported “the essential purpose of the Loan Charge”.
As a result, Mr Chamberlain stated, the Government should “work to ensure all refund applications from contractors who were negatively affected by the Loan Charge scandal are processed as quickly as possible”.