Review of the Disguised Remuneration Loan Charge

The government has announced it will make a number of changes to the loan charge rules.

Call 01189732149 or email ardhurst@btinternet.com

The government has announced it will make a number of changes to the loan charge rules, in response to Sir Amyas Morse's independent review of the loan charge policy and its implementation.

The government has announced the following key changes to the loan charge:

  • the loan charge will apply only to outstanding loans made on, or after, 9 December 2010
  • the loan charge will not apply to outstanding loans made in any tax years before 6 April 2016 where the avoidance scheme use was fully disclosed to HMRC and HMRC did not take action
  • affected taxpayers can elect to spread the amount of their outstanding loan balance evenly across three tax years: 2018/19, 2019/20 and 2020/21.

Please contact us for advice with this issue.

Internet link: GOV.UK independent loan charge review

About our team

If you are looking for a team of reliable, professional, approachable accountants who will do more than just respond to your needs - who will work with you in a proactive manner to help you succeed, we would be delighted to be of service.

Learn more

Contact Details

Please call:
01189732149

Ardhurst Accountants Limited, Heath Ride, Finchampstead, Wokingham, Berkshire RG40 3QE

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2020 Ardhurst Accountants Limited. All rights reserved. powered by totalSOLUTION

We use cookies on this website, you can find more information about cookies here.

Ardhurst Accountants Limited is registered in England & Wales. Registration number: 6600809
Registered office address: Ardhurst, Heath Ride, Finchampstead, Berkshire RG40 3QE