Disguised remuneration: schemes claiming to avoid the new loan charge (Spotlight 36)

Released 30 November 2017

HMRC have updated Spotlight 36 on DR schemes which claim to avoid the new loan charge to add more information and to clarify some points.

Disguised remuneration: schemes claiming to avoid the new loan charge (Spotlight 36) explains that schemes that claim to avoid the loan charge on disguised remuneration (DR) don’t work. The spotlight has been updated at the section 'Schemes claiming to avoid the loan charge' to more information and to clarify some points. The section highlights Spotlight 39 contains details of one such schemes and that another involves a betting arrangement. The spotlight confirms that these scheme don’t work and that the only way to avoid the new loan charge is by making a genuine repayment of the loan balance or settling the tax liability with HMRC in advance. Any repayments connected to a new tax avoidance arrangement will be ignored and the loan charge will still apply.

View the updated Disguised remuneration: schemes claiming to avoid the new loan charge (Spotlight 36).

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