These terms, along with details on how to register to settle and by when, have been published on GOV.UK .
Contractor Loans Schemes For the vast majority of Contractor Loans schemes, HMRC will now settle on the net basis, that is to say, the tax liability will be based on the loan amount, instead of the gross basis (loan amount plus scheme costs). Please be aware that the published terms may no longer be available once your client’s appeal has been referred to the Tribunal. Participants of any Contractor Loan schemes or other disguised remuneration schemes are therefore strongly advised to contact HMRC and settle their cases without delay.
HMRC has recently updated guidance on disguised remuneration schemes to reflect updated email addresses for contacting HMRC to discuss settlement - HMRC guidance: Tackling disguised remuneration updated .
Register for digital meeting
Experts involved in settling disguised remuneration cases will be attending the following digital meetings.
Disguised Remuneration: How to settle your tax affairs if you are an employer.
Tuesday 30 January 2018 - midday to 1pm
Register now
Disguised Remuneration: How to settle your tax affairs if you are in a contractor loans scheme.
Tuesday 6 February 2018 - midday to 1pm
Register now
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Talking Points for tax agents 19 December 2017
HMRC has a variety of topics on the agenda for the next few Talking Points meetings including, ‘Income from Property’ - minimising the risk for individuals and ‘Basis Periods’ - looking at commencement years, changes to accounting date and overlapping periods.
HMRC's regular Talking Points provide information, guidance and tips to help agents to understand tax issues.
There are a limited number of spaces, so save your place now.
Trade Losses: Looking at the different ways trade losses may be relieved.
Tuesday 19 December 2017- 11am to midday
Register now
Friday 5 January 2018 - 1pm to 2pm
Register now
Income from Property minimising the risk for individuals: This meeting will be dealing specifically with expenses and deductions, allowances and reliefs - including repairs, the relief for the replacement of domestic items and the restrictions to income tax relief for finance costs.
Thursday 4 January 2018 - 11am to 12.15 Thursday 4 January 2018 - 2pm to 3.15pm
Register now Register now
Basis Periods - looking at commencement years, changes to accounting date and overlapping periods: Focusing on basis periods, in particular, looking at the different rules that apply to commencement years, changing of accounting date and overlapping periods. We also look at some pointers when dealing with a change from sole trader to partnership and vice versa.
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