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Tax avoidance 'spotlights'

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HMRC has added spotlight 49 to the list of tax avoidance schemes it is actively investigating. This latest addition warns against further schemes marketed from offshore locations which claim to avoid the disguised remuneration loan charge by promising that loans will be ‘paid off’ as part of the arrangements.

HMRC reminds that the loan charge legislation disregards non-monetary repayments, as well as any repayments connected to tax avoidance arrangements.

The ‘spotlight’ article says these schemes may involve one or more of the following features:

  • be marketed from an off-shore location such as Cyprus, Malta or Isle of Man, claiming to avoid the 5 April 2019 loan charge legislation;
  • claim that entering the scheme means disguised remuneration loans are paid off;
  • claim that the scheme is not disclosable under DOTAS, and may have benefited from a QC’s opinion; and
  • may have professional marketing material, including a website.


Issue: 1435
Categories: News