uk iconUK

 

 

 

HMRC issues draft rules for loan charge repayments

HMRC has published details of proposed legislation for setting up a scheme to administer refunds to taxpayers who made voluntary payments prior to a change in the rules regarding the loan charge.

HMRC issues draft rules for loan charge repayments
smsfadviser logo

The original plans for the loan charge on disguised remuneration (DR) avoidance schemes introduced a new charge on DR loan balances outstanding at 5 April 2019.

Read more at the Accountancy Daily

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox