HMRC provides information to help taxpayers determine whether the loan charge applies to their disguised remuneration loan arrangements and explains the process for settling any resulting liability. The loan charge is a tax mechanism that applies to certain loans used to defer personal income tax through disguised remuneration schemes. Individuals affected by these arrangements can use HMRC’s guidance to establish their loan charge position and understand their settlement options.
Source: HMRC (GOV.UK) – Read the original