Disguised remuneration, contractor loans and the 2019 charge
Since recording our first webinar for Tax Faculty members in August 2018, several key milestones have passed, more is now known about the information which must be provided, the potential penalties and what help is available. In this webinar Rebecca Benneyworth reprises the earlier recording and brings viewers up to date.
The charge on outstanding disguised remuneration loans, the loan charge, was introduced to tackle the use of disguised remuneration schemes. It came into effect on 5 April 2019 and applies to all loans made since 6 April 1999 if they were still outstanding on 5 April 2019 and the recipient has not settled the tax due
This webinar provides an update on our previous webinar 'Employee benefit trusts and contractor loan schemes' originally aired in August 2018.