Loan chargePosted by Clear House Accountants on January 30th, 2019 The Loan charge 2019 is a pain to many taxpayers who are affected by the Disguised Remuneration loan charge which takes effect on the 5th April 2019. The loan charge will apply to all disguised remuneration loans which are outstanding as at that date. If you are affected by this charge and have not already settled with HMRC by reaching a settlement agreement, HMRC will be applying the loan charge on you. HMRC has also flagged a few facts and figures about the taxpayers who will be impacted by this scheme, the facts are:
If you have used a loan scheme at any point and have not settled with HMRC yet, there is still time to settle with HMRC, with added flexible payment options if you are unable to make the tax liability payments due to upfront. Clear House are specialist London Accountants and Tax planners who can help you if the above applies. The loan charge scheme can be costly and time intensive if not handled properly and can lead to many other issues and investigations from being initiated. Contact us if you have any concerns about the Loan charge 2019 or if you are stuck with a tax investigation so that we can help you to come up with smart tax solutions to your problems. Like it? Share it!More by this author |