The Loan Charge change – Reflections on a U-Turn

On the Friday afternoon before Christmas 2019, the government released the report by Sir Amyas Morse following his review of the Loan Charge legislation that had been introduced in 2016 and which had come into effect on 6/4/2019. The precise...

THE LOAN CHARGE IS STILL COMING TO A PLACE NEAR YOU!

There has been a lot of media coverage concerning the communications between HMRC’s Second Permanent Secretary; Jim Harra and the Treasury Select Committee which was published on 1 March 2019. The communication relates on the Disguised Remuneration Settlement opportunity and...

GAAR Advisory Body puts another nail in the coffin of Tax Avoidance

HMRC published on its website the General Anti Abuse Rule (GAAR) Advisory body decisions made on 12 October 2018 in respect of two Tax Avoidance Arrangements designed to circumvent the Part 7A Income Taxes (Earnings and Pensions) Act (ITEPA) 2003...

Disguised remuneration – an update

We reported earlier this year on how to take advantage of the final opportunity in settling any liabilities arising from various forms of historic tax planning which HM Revenue and Customs (HMRC) badges under the disguised remuneration banner. We also...