HMRC publish guidance entitled “Disguised remuneration settlement terms 2020 for tax agents or advisers”. This guidance was updated on 7 December 2022:
“Information about ‘Section 222 of the Income Tax (Earnings and Pensions) Act 2003 — interaction with the loan charge’ has been added to section 14 of the guidance, to explain when a Section 222 charge can occur and when HMRC will collect the charge.”
The overall guidance is arranged under the following headings:
- Overview
- Contractors
- Employers
- Employees
- Double taxation relief
- Residual tax
- Penalties
- Inheritance Tax
- Accrued interest
- Late payment interest
- Capital payments and benefits
- Voluntary restitution
- Instalment arrangements
- Settlement and the loan charge
- Availability of these terms
- Contact us
Related content from Claritax Books
This detailed, technical book on Disguised Remuneration and the Loan Charge, by tax barrister David Pett, is aimed squarely at professional advisers. The work explains the practical application of a body of tax legislation that was first enacted in 2011, and that has been amended or re-enacted in most subsequent years.
