Disguised remuneration: independent loan charge review

The independent review of the disguised remuneration loan charge has now concluded and the government has published its response.



In September 2019, the Chancellor commissioned Sir Amyas Morse to lead an independent review into the disguised remuneration loan charge. Sir Amyas was asked to consider whether the policy is an appropriate response to the tax avoidance behaviour in question, and whether the changes the government has announced to support individuals to meet their tax liabilities have addressed any legitimate concerns raised.

The review has now concluded and the government has published its response. HMRC has published guidance setting out what this means for those affected.

HMRC have now updated their guidance with some additional information about Self Assessment. They have also published further guidance on the loan charge changes along with draft legislation and explanatory notes.

Published 11 September 2019
Last updated 20 January 2020 + show all updates
  1. Guidance following the outcome of the independent loan charge review has been updated to include information about accelerated payment notices, Inheritance Tax and disclosure. It includes more information about filing Self Assessment tax returns, late payment interest and payments on accounts.

  2. Updated with review document, government response document, and updated guidance.

  3. Updated with 'Letter from the FST to Sir Amyas Morse'.

  4. Updated text under 'contacting the review and providing supporting evidence'

  5. The page has been updated to add the contact details for the review, explain that people can send it evidence, clarify who has published the supporting documents on the page, and shorten the description of the review. Also updated document title for 'Disguised remuneration: Loan charge review'

  6. First published.