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HMRC will be inviting participants of DR schemes to register an interest in settling their tax liabilities.
HMRC has announced that it will be inviting participants of disguised remuneration schemes to register an interest in settling their tax liabilities arising from the use of these arrangements. It follows the Supreme Court ruling in RFC 2012 plc (formerly the Rangers Football Club plc) v Advocate General for Scotland [2017] UKSC 45. In an agency blog, HMRC says registration will prevent further action by HMRC, as well as reducing interest charges that would otherwise be payable.
Details of how to register and settle will be published soon. In the meantime, advisers can email HMRC at here about settling their clients’ affairs.
See here for details.
