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Disguised remuneration: sixty FAQs

printer Mail

HMRC have published a third version of their FAQs on the ‘disguised remuneration’ legislation in Schedule 2 to the Finance Bill, replacing those published in March.

‘While the legislation has been refined in order to limit impacts on employers and individuals where it has been possible to identify arrangements that are not used for avoidance purposes, the relatively complex nature of many vehicles used in this sphere means that the legislation is also necessarily comprehensive,’ HMRC said.

Sixty FAQs published on 5 July will be ‘subsumed into comprehensive guidance which will be published shortly after the legislation has been enacted’.