HMRC has amended its deadlines for anyone wishing to reach a settlement agreement with HMRC before the introduction of the April 2019 loan charge.
HMRC’s guidance now states that if taxpayers provide all necessary information by 30 September 2018, HMRC will reach an agreement before the 5 April 2019. Previously HMRC had required anyone who intended to reach an agreement by 5 April 2019 to notify them of that intention by 31 May 2018. However, the updated guidance appears to have removed the requirement
What is disguised remuneration?
Disguised remuneration is the term used to describe arrangements whereby an individual receives reward for the services that they provide, in the form of loans. Typically an offshore entity (for example an employee benefit trust, an employer funded retirement benefit scheme, or offshore company) is used to make the loans or to facilitate the planning in some way.
