New tax year; new tax rules on disguised remuneration to bite

First published on Contractor UK- https://www.contractoruk.com/news/0013528new_tax_year_new_tax_rules_disguised_remuneration_bite.html With the Finance Act 2018 receiving Royal Assent last month, it is worth taking a closer look at the legislation that is now in force affecting contractors and anyone else who’s received loans from third parties since April 6th 1999, writes Tom Wallace, head of tax at HMRC enquiry […]

Tackling Disguised Remuneration

Two Technical Updates on ‘tackling disguised remuneration’ have been released [i] on 20th March 2017. Both deal with the operation and consequences of the proposed tax charge on unpaid loan balances at 5th April 2019, a 20 year retrospective law. Of particular interest is an amendment to the 2019 charge to account for contractor arrangements […]

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