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Tackling disguised remuneration avoidance schemes

Tackling disguised remuneration avoidance schemes
Published on: 25 August 2016
Published by: LexisPSL
  • Tackling disguised remuneration avoidance schemes
  • Original news
  • What is the background to this draft legislation?
  • What specific examples of disguised remuneration avoidance schemes does the draft legislation seek to close?
  • How will the introduction of a specific gateway for close companies help to avoid tax avoidance? What is this additional gateway hoping to achieve?
  • How is it proposed to change the treatment of loans pursuant to the draft legislation?
  • Will the proposal for HMRC to broaden its powers to transfer income tax and NIC liabilities from employers to employees where a disguised remuneration scheme is used discourage employees from using such avoidance schemes?
  • How is the government proposing to attack old loans from EBTs?
  • How is the government threatening to deter companies from trying to set up schemes that circumvent ITEPA 2003, Pt 7A?

Article summary

Share Incentives analysis: David Cohen, consultant at Keystone Law, examines a new government consultation on disguised remuneration draft legislation and explains how the government is attempting to deter companies from trying to set up schemes that circumvent Part 7A of Income Tax (Earnings and Pensions) Act 2003 (ITEPA 2003). or take a trial to read the full analysis.

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