Archive for the
‘Loan Charge’ Category

The Controversial Loan Charge of 2019 What is the Controversial 2019 Loan Charge? It is highly unlikely that you have not yet heard of the controversial tax rule of the year. Popularly known as the contractor tax, the 2019 Loan Charge is a tax charge by the HMRC which was set in motion in 2016. [...]
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To learn about loan charge, you have to learn about the history and why the legislation was put in place on the 5th of April 2019. HMRC have dubbed the issues as to why this parliament legislation was released as “Disguised Remuneration Loans” which are more commonly known as tax avoidance arrangements between companies and [...]
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