Policy paper

Draft legislation: tackling disguised remuneration - avoidance schemes

Further changes to tackle disguised remuneration tax avoidance schemes since Spring Budget 2017 including the close companies’ gateway and new information requirements for the loan charge.

Documents

Draft legislation: tackling disguised remuneration - avoidance schemes

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Explanatory note for tackling disguised remuneration - avoidance schemes

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Details

The existing use of disguised remuneration avoidance schemes will be tackled by the new charge on disguised remuneration loans that remain outstanding on 5 April 2019, which is being legislated in Finance Bill 2017 currently before Parliament. This clause makes further provision in connection with that new charge.

The majority of these changes, including the close companies’ gateway and the loan charge, were subject to a technical consultation that ran from 10 August 2016 to 5 October 2016.

A tax information and impact note was published on 5 December 2016.

Published 13 September 2017