Sajid Javid, the Chancellor of the Exchequer, has appointed the former head of the National Audit Office, Sir Amyas Morse, to head an independent commission-led review of the Disguised Remuneration Loan Charge scheme. What’s Happening? The role of the review is to evaluate the impact of the scheme on individuals who have engaged in disguised remuneration schemes. This comes after the HMRC scheme was paused,...
Over the past three months, HMRC has hit the headlines as they have aggressively stepped-up their continuing efforts to reclaim unpaid tax through specific schemes they now define as tax evasion/avoidance under law. The new 2019 Loan Charge changes adopted by HMRC go back to the Finance Act 2017 which empowered the Treasury to go after tax avoidance with fervour. However, the Loan Charge will...
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