Policy paper
Draft legislation: tackling disguised remuneration - avoidance schemes
Further changes to tackle disguised remuneration tax avoidance schemes since Spring Budget 2017 including the close companies’ gateway and new information requirements for the loan charge.
This was published under the 2016 to 2019 May Conservative government
Documents
PDF, 130 KB, 16 pages
This file may not be suitable for users of assistive technology.
Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
PDF, 138 KB, 4 pages
This file may not be suitable for users of assistive technology.
Request an accessible format.
If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email
different.format@hmrc.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.
Details
The existing use of disguised remuneration avoidance schemes will be tackled by the new charge on disguised remuneration loans that remain outstanding on 5 April 2019, which is being legislated in Finance Bill 2017 currently before Parliament. This clause makes further provision in connection with that new charge.
The majority of these changes, including the close companies’ gateway and the loan charge, were subject to a technical consultation that ran from 10 August 2016 to 5 October 2016.
A tax information and impact note was published on 5 December 2016.
Updates to this page
Published 13 September 2017