HMRC’s 31 May deadline for registering an interest in its disguised remuneration settlement opportunity has now passed, but guidance now tells taxpayers wishing to settle on favourable terms to register with HMRC ‘as soon as possible’.
The scheme opened in November 2017 with a registration deadline of 31 May for taxpayers wishing to settle liabilities in connection with disguised remuneration schemes on favourable terms before the new loan charge comes into effect on 5 April 2019. All required information must be sent to HMRC by 30 September 2018. Where information is sent after this date, it may not be possible to reach a settlement before the loan charge arises. See https://bit.ly/2yi9dtG.
The detailed settlement terms are set out in separate guidance for agents.
HMRC’s 31 May deadline for registering an interest in its disguised remuneration settlement opportunity has now passed, but guidance now tells taxpayers wishing to settle on favourable terms to register with HMRC ‘as soon as possible’.
The scheme opened in November 2017 with a registration deadline of 31 May for taxpayers wishing to settle liabilities in connection with disguised remuneration schemes on favourable terms before the new loan charge comes into effect on 5 April 2019. All required information must be sent to HMRC by 30 September 2018. Where information is sent after this date, it may not be possible to reach a settlement before the loan charge arises. See https://bit.ly/2yi9dtG.
The detailed settlement terms are set out in separate guidance for agents.
