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.

HMRC warning on umbrella companies

HMRC has issued a warning about agency and umbrella companies offering to reduce workers’ tax liabilities and increase take home pay as they are in effect tax avoidance schemes.

Making a disclosure to HMRC

Unsurprisingly many people try to minimise contact with HMRC, however there are certain situations when it’s a good idea to proactively engage with them to avoid further difficulties or indeed penalties.


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