Report and account for your disguised remuneration loan charge
How to report details of your disguised remuneration loan scheme and account for your loan charge liability.
Official website: gov.uk00
How to use the service
If you’ve not already done so, you must accurately report any outstanding disguised remuneration loans that are subject to the loan charge to HMRC. You can do this on the loan charge reporting form. You’re no longer able to submit the form online. You should ask for a paper version of the loan charge reporting form by contacting us by either: email us at ca.loancharge@hmrc.gov.uk using ‘loan charge reporting form request’ in the subject line telephoning 0300 322 9494 If you’re filling in the form for someone else, you’ll need their National Insurance number. If that person has a Self Assessment Unique Taxpayer Reference, you’ll also need that number. You must give information about loans under each scheme separately. Monthly loans made as part of the same arrangement should be added together and returned as one for each tax year. You’ll need to provide details of the loan arrangements you used in each tax year. These details will include: the scheme name the start and end dates of the schemes you used any HMRC case reference numbers you have your Disclosure of Tax Avoidance Scheme number, if you have one the total loan amount in each tax year, including any amounts repaid or written off any amounts of tax or National Insurance contributions you’ve already settled HMRC will check the details you send and will contact you if you need to provide more information. If you need to add another scheme or change the details you sent, you’ll need to send your details again together with the changes or new information. How and when you’ll need to provide the information to HMRC depends on the type of scheme you were using. Typical characteristics of the main types of scheme are explained below. The reporting requirements depend on the nature of the scheme used, not your employment status now or in the past. For example, this means that if you used an employment based scheme you’ll have to meet the reporting requirements for that scheme, even if you consider yourself as self-em
Fees
If you’ve paid an accelerated payment notice ( APN ) for a tax avoidance scheme covered by the loan charge, you may be able to offset your APN payments against some or all of the charge. You can only do this if the APN is for the same tax avoidance scheme that the loan charge applies to, and to the extent it relates to your outstanding disguised remuneration loan. The way you make a claim to offset your APN payments is different depending on if you used an employment based scheme or trade based scheme.
Official source
Report and account for your disguised remuneration loan charge
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