URGENT ACTION REQUIRED: 31 MAY 2018 DEADLINE
“Disguised Remuneration” and the 2019 Loan Charge
What is it?
Over recent years HMRC has challenged a number of different tax planning arrangements that it views as being “disguised remuneration”. Often these arrangements will involve an individual receiving rewards for the services 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 be used to make the loans or to facilitate the planning in some way.
These arrangements were used by many thousands of employers to reward their employees, and also by individuals who provided their services as contractors.
