Could you be due a refund?

If you used a Disguised Remuneration tax planning scheme between April 6 1999 and April 5 2016 which made loans to you and you’ve settled the tax due with HMRC on or after March 16 2016 but before March 11 2020 you could qualify for a refund of Income Tax and National Insurance contributions paid.

HMRC pushes ahead with loan charge

This week the Treasury published its review of the operation of the new loan charge on disguised remuneration tax avoidance schemes. This means the loan charge will definitely be coming into force from 5 April 2019.

Lords challenge HMRC powers

In a recently published report the House of Lords’ Economic Affairs Committee has stated that the greater powers given to HMRC to tackle tax avoidance and evasion are undermining the rule of law and justice.

Requirement to Correct and Disguised Remuneration

We’ve previously posted items about Requirement to Correct and the need for individuals with undeclared offshore tax liabilities to disclose those liabilities to HMRC before 30 September 2018.  This relates to Income Tax, Capital Gains Tax and Inheritance Tax.


Call us on 0115 778 8533 for a free consultation.