HMRC update guidance on disguised remuneration

Released 20 March 2017

HMRC have updated the draft guidance on tackling disguised remuneration to take account of changes affecting employers and employees in the 2017 to 2018 tax year. The draft updates to the Employment Income Manual relate to changes to Part 7A of ITEPA 2003 as a result of the Finance Act 2016, and for the expected changes from Finance Bill 2017.

The draft guidance does not include new charges on outstanding loans, changes to tackle self-employed schemes, or employer deductions. Guidance for those changes will be set out later in 2017.

The guidance will be finalised and published in the Employment Income Manual following Royal Assent of Finance Bill 2017.

More details can be found here.

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