Postponing the disguised remuneration loan charge

HMRC has issued guidance on how to apply for postponement of the charge for disguised remuneration loans outstanding on 5 April 2019. This may be possible if the loan is approved by the Revenue as a qualifying fixed-term loan or if the taxpayer had made an accelerated payment on it. Applications must be submitted by 31 December 2018.

Only the person liable for the loan charge can apply for postponement. If the employer will be liable for it they must make the application.

To apply for postponement and if required approval of a qualifying loan the taxpayer or employer should complete the loan charge postponement form. Alternatively send all the information asked for on the form to HMRC by email to ca.admin@hmrc.gsi.gov.uk or by post to HMRC Counter-Avoidance BX9 1LW.

If the application is successful HMRC will explain how long the postponement will...