Policy paper

Tackling disguised remuneration

This tax information and impact note is about changes that are part of a wider package announced at Budget 2016 to tackle the use of disguised remuneration tax avoidance schemes.

Documents

Draft legislation

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Draft explanatory note

This file may not be suitable for users of assistive technology. Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email different.format@hmrc.gsi.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The legislation prevents attempts to exploit the disguised remuneration legislation, by inserting an additional targeted anti-avoidance rule (TAAR) with effect from 16 March 2016.

The legislation will also withdraw the transitional relief on investment returns after 30 November 2016.

It will also make 3 minor technical clarifications to the existing legislation.

An overview of the changes and technical note providing more details on the package can be at Tackling disguised remuneration avoidance schemes overview of changes and technical note.

Published 30 March 2016