The Finance Act 2009, Sections 101 and 102 (Disguised
Remuneration Repayment Scheme) (Appointed Day and Consequential Amendment)
Order, SI 2020/979, will enable HMRC to pay repayment interest on payments made
under the 2020 disguised remuneration repayment scheme, which was published
pursuant to FA 2020 s 20.
The repayment scheme gives effect to a recommendation from the
independent loan charge review that certain voluntary amounts paid to HMRC to
settle liabilities arising from the use of disguised remuneration schemes
should be refunded. The order brings these repayments within the harmonised
interest regime contained in FA 2009 s 101 and s 102 with effect from 5 October
2020.
The Finance Act 2009, Sections 101 and 102 (Disguised
Remuneration Repayment Scheme) (Appointed Day and Consequential Amendment)
Order, SI 2020/979, will enable HMRC to pay repayment interest on payments made
under the 2020 disguised remuneration repayment scheme, which was published
pursuant to FA 2020 s 20.
The repayment scheme gives effect to a recommendation from the
independent loan charge review that certain voluntary amounts paid to HMRC to
settle liabilities arising from the use of disguised remuneration schemes
should be refunded. The order brings these repayments within the harmonised
interest regime contained in FA 2009 s 101 and s 102 with effect from 5 October
2020.
