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In response to requests made under the Freedom of Information Act, HMRC stated it has sent awareness letters to 40,780 people in and outside the UK since November 2017 to tell them they may be affected by the disguised remuneration loan charge that comes into force in April.
The department identified the individuals through its compliance work, information technology records and tax return data.
Country Number of letters
England 33,320
Wales 1,030
Scotland 2,560
Northern Ireland 570
Outside the UK 1,720
Other 1,580
HMRC said it was ‘actively encouraging disguised remuneration scheme users to come forward and settle through its regular contact with customers and has raised additional awareness through its series of spotlight publications, tweets and webinars’.
HMRC loan charge guidance: tinyurl.com/y89ye54u
