Disguised remuneration schemes

A new targeted anti-avoidance rule has been introduced to tackle current and historic use of disguised remuneration schemes and transitional relief is to be withdrawn for taxpayers who have not reached a settlement with HMRC before 30 November 2016. 

Further measures will be introduced in 2017, and all outstanding loans or debts under such schemes will be taxed as earnings unless tax has already been settled or the loans have been repaid before 6 April 2019.

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