HMRC have updated the document Disguised remuneration: tax avoidance using unfunded pension arrangements (Spotlight 58):
- The section “How the arrangements claim to work” has been updated to include the definition of the GAAR Advisory Panel and their opinion on a certain set of tax avoidance arrangements.
- The section “What will happen to those who use these arrangements” has been adjusted with conditions for countering arrangements.
- The section “Get more information or report a scheme” has been amended with links to contact HMRC for support with arrangements.
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.
