The following Employment Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
The Government released on 20 December 2019 a copy of the loan charge independent review report, containing some considerable changes to the loan charge.
The review, led by Sir Amyas Morse, was commissioned to look at the impact of the charge which was introduced to tackle what the Treasury described as 'disguised remuneration schemes'.
For a brief history of the loan charge see the Loan charge guidance note and 'Morse Code' by David Graham in Taxation, 16 January 2020, 11.
The review the Government response and the initial guidance can be found on GOV UK.
Some of the fundamental amendments are listed below:
On 20 January 2020, the Government published draft legislation to implement the above changes. HMRC
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