IRRV Alert - week ending 18th September
News
Reports
HMRC issue briefing: disguised remuneration charge on loans (16 September 2020)
Policy paper
HMRC issue briefing: disguised remuneration charge on loans
This briefing provides information about disguised remuneration avoidance schemes and the loan charge that has been introduced to tackle their use.
Published 18 July 2018
Last updated 16 September 2020 — see all updates
From:
Documents
HMRC issue briefing: settling disguised remuneration scheme use and/or paying the loan charge
HTML
Details
Disguised remuneration schemes are arrangements that pay loans instead of ordinary income to avoid Income Tax and National Insurance contributions.
The loan charge has been introduced to tackle the use of disguised remuneration schemes.
People who anticipate having difficulty paying what they owe under the loan charge will be able to agree a manageable payment plan with HMRC depending on individual circumstances. There is no limit, and people will be given as long as they need to pay what they owe.
This issue briefing sets out more information on the loan charge and outlines advice for those affected by the loan charge.
Published 18 July 2018
Last updated 16 September 2020 + show all updates