Guidance

Disguised remuneration settlement terms 2020

Check the disguised remuneration settlement terms 2020 if you're a tax agent or adviser and need to help clients settle liabilities.

From:
HM Revenue & Customs
Published
13 August 2020
Last updated
3027 OctoberJanuary 20242025 — See all updates

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Disguised remuneration settlement terms 2020 for tax agents or advisers

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The government announced at Autumn Budget 2024 that there will be a furthernew independent review of the loanLoan charge,Charge toat helpAutumn bringBudget the2024.

The matterterms toof areference close for thosethe affectedreview whilsthave ensuringnow fairnessbeen published forby allthe taxpayers.government.

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TheHMRC loanhas chargealso legislationpublished remainsan inupdate force.on Ifoperational youactivity haveduring agreedthe areview, paymentnow plan with HMRC you should continue to pay the amountsterms youof reference have agreedbeen to pay while the review is ongoing.published.

Use this guide if you need to help clients understand and settle their liabilities with HMRC if they’re in a disguised remuneration scheme.

Updates to this page

Published 13 August 2020
Last updated 3027 OctoberJanuary 2024 2025 + show all updates

  1. Page updated to reflect the recent publication by the government of the terms of reference for the new independent review of the Loan Charge.

  2. Page updated to reflect government's announcement that there will be a further independent review of the loan charge.

  4. Removed phone number and updated the wording signposting the email address for disguised remuneration scheme users to contact us.

  6. The reference year used to determine automatic eligibility to pay by instalments has been updated. The information on Section 222 charges has also been updated.

  8. Welsh translation updated.

  10. Information about 'Section 222 of the Income Tax (Earnings and Pensions) Act 2003 — interaction with the loan charge' has been added to section 14 of the guidance, to explain when a Section 222 charge can occur and when HMRC will collect the charge.

  12. Email address for disguised remuneration scheme users to contact us has been updated.

  14. Added information on residual tax, voluntary restitution and 3 year spread election.

  16. We have updated the guidance with information on what customers affected by the loan charge should do now the 30 September 2020 deadline has passed.

  18. Welsh translation has been added.

  20. First published.

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