HMRC : Disguised Remuneration Settlement Period

[Lance]

The previous guidance did not make provision for any maximum or minimum time for payment and the requirement then, as now, for payment to be as fast as possible. It is not clear why HMRC has felt the need to limit its flexibility in its guidance to agree such a period for those with low income, since, realistically, it would always be the taxpayer’s circumstances that would dictate how fast was indeed possible.

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The who?

[eazy]

HMRC gives five year payment window on disguised remuneration settlements

In an update to its guidance on settling with it on remuneration tax avoidance schemes, HRMC has indicated that, for those earning or with self-employed net profit up to £50,000, the period of settlement can be up to five years.

The previous guidance did not make provision for any maximum or minimum time for payment and the requirement then, as now, for payment to be as fast as possible. It is not clear why HMRC has felt the need to limit its flexibility in its guidance to agree such a period for those with low income, since, realistically, it would always be the taxpayer’s circumstances that would dictate how fast was indeed possible.

New version:
http://www.gov.uk/guidance/disguised...ediate#history