Guidance

Tax on contractor loans

Information about a settlement opportunity for participators in tax avoidance schemes.

• From: HM Revenue & Customs
• Published: 16 May 2014
• Last updated: 10 August 2015 — See all updates

This publication was withdrawn on 22 June 2016

This settlement opportunity closed on 30 June 2015.

Documents

Tax on contractor loans

HTML

Tax on contractor loans: extended time limit and more information

HTML

Ten things you need to know about the contractor loans settlement opportunity

PDF, 51.7 KB, 2 pages

Details

HM Revenue and Customs (HMRC) is inviting some participants in certain schemes to settle their tax liabilities by agreement, without the need for legal action. This settlement opportunity offers both the taxpayers and HMRC the best opportunity to resolve these disputes in a way which is cost-effective and consistent. Where people decline the settlement opportunity, HMRC will increase the pace of their investigations and move disputes quickly to legal action.

Published 16 May 2014
Last updated 10 August 2015 + show all updates

1. 10 August 2015

   The closing date for registering for this Settlement Opportunity has now closed.

2. 9 June 2015

   The document ten things you need to know about the contractor loans settlement opportunity has been added to this page.

3. 18 December 2014

   The closing date for this Settlement Opportunity has been extended to 30 June 2015. To qualify you will need to have contacted us by this date. After that you must then agree settlement by 30 September 2015. We have also explained some aspects in more depth than previously.

4. 16 May 2014

   First published.