Technical Guidance
COVID-19 Contingency Arrangements

Home / Technical Library / England & Wales / Technical Guidance / COVID-19 Contingency Arrangements
 
HMRC - Employer Bulletin, issue 84

Updates to the online disguised remuneration Loan Charge form If any of your current or former employees have outstanding disguised remuneration loans that are subject to the Loan Charge, they must report the details of their loans by 30 September 2020.

Details can be provided using the online form on GOV.UK. The disguised remuneration loan charge form has now been updated so that an election can be made to spread outstanding disguised remuneration loan balances evenly across 3 years. The 3 tax years that loans will be spread across are 2018-2019, 2019-2020 and 2020-2021.

The deadline to make an election to spread outstanding disguised remuneration loan balances is 30 September 2020.

Anyone who needs a paper copy of the form can call 03000 599110. Further help and support Anyone subject to the loan charge who thinks they may have difficulties paying what they owe, should contact HMRC. We want to help people by considering their individual circumstances and working with them to agree an affordable payment plan.

Those with concerns can call HMRC on 03000 599110 or email ca.loancharge@hmrc.gov.uk

Downloads

English Employer Bulletin 84 - Size: 177Kb Download
Find INSOLVENCY & RESTRUCTURING ADVICE

R3 members can provide advice on a range of business and personal finance issues. To find an R3 member who can help you, click below.