HMRC has added new spotlight 44, concerning schemes affected by the disguised remuneration loan charge from April 2019, to the list of tax avoidance schemes it has begun investigating.
The new spotlight article makes clear HMRC considers corporate remuneration trust schemes and self-employed remuneration trust schemes to be covered by the loan charge. It also refers to arrangements highlighted in spotlights 36 (involving a ‘bet’ with the trust that granted the loan) and 39 (describing loans as held in a ‘fiduciary capacity’).
HMRC has added new spotlight 44, concerning schemes affected by the disguised remuneration loan charge from April 2019, to the list of tax avoidance schemes it has begun investigating.
The new spotlight article makes clear HMRC considers corporate remuneration trust schemes and self-employed remuneration trust schemes to be covered by the loan charge. It also refers to arrangements highlighted in spotlights 36 (involving a ‘bet’ with the trust that granted the loan) and 39 (describing loans as held in a ‘fiduciary capacity’).
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