Guidance

Disguised remuneration settlement terms 2020

Check the disguised remuneration settlement terms 2020 if you're a tax agent or adviser and need to help clients settle liabilities.

From:
HM Revenue & Customs
Published
13 August 2020
Last updated
30 October 2024 — See all updates

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Disguised remuneration settlement terms 2020 for tax agents or advisers

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The government announced at Autumn Budget 2024 that there will be a further independent review of the loan charge, to help bring the matter to a close for those affected whilst ensuring fairness for all taxpayers. HMRC will consider what updates need to be made to this guidance once the government announces further details about the review and once the review has concluded.

The loan charge legislation remains in force. If you have agreed a payment plan with HMRC you should continue to pay the amounts you have agreed to pay while the review is ongoing.

Use this guide if you need to help clients understand and settle their liabilities with HMRC if they’re in a disguised remuneration scheme.

Updates to this page

Published 13 August 2020
Last updated 30 October 2024 + show all updates

  1. Page updated to reflect government's announcement that there will be a further independent review of the loan charge.

  2. Removed phone number and updated the wording signposting the email address for disguised remuneration scheme users to contact us.

  3. The reference year used to determine automatic eligibility to pay by instalments has been updated. The information on Section 222 charges has also been updated.

  4. Welsh translation updated.

  5. Information about 'Section 222 of the Income Tax (Earnings and Pensions) Act 2003 — interaction with the loan charge' has been added to section 14 of the guidance, to explain when a Section 222 charge can occur and when HMRC will collect the charge.

  6. Email address for disguised remuneration scheme users to contact us has been updated.

  7. Added information on residual tax, voluntary restitution and 3 year spread election.

  8. We have updated the guidance with information on what customers affected by the loan charge should do now the 30 September 2020 deadline has passed.

  9. Welsh translation has been added.

  10. First published.

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