Hints and tips:
...The miner has previously said it is looking to claw back some of de Montessus’s remuneration. Endeavour owns four operating mines in west Africa....
...The government introduced the “loan charge” in 2019 in a bid to clamp down on so-called “disguised remuneration” schemes, which involved workers across a range of sectors being paid in loans via offshore...
...If benefits escape the disguised remuneration rules, they may fall foul of the Employer-Funded Retirement Benefits Schemes (EFRBS) rules....
...“People are not making a choice about being paid in disguised remuneration....
...A key area of tax non-compliance was the continued prevalence of so-called disguised remuneration schemes — tax avoidance arrangements which seek to avoid paying national insurance and income tax by paying...
...Tougher action is planned for those creating and advertising tax avoidance schemes — particularly so-called disguised remuneration schemes, such as the loan schemes, which were subject to a crackdown in...
...This great squeezing forward of tax payments underlines the strategy of going after people who are already on the books (see also the renewed £1.7bn push on disguised remuneration schemes)....
...Last month HMRC revealed it had agreed more than 7,000 disguised remuneration settlements worth £1.5bn....
...He added that details of his remuneration package at Barclays had emerged at his criminal trial earlier this year, when he was acquitted of fraud charges over the fundraising....
...“Are these disguised redundancies or are these people going to be bouncing back to their jobs?” said Kate Bell, head of economics at the Trades Union Congress....
...The tax authority is conducting consultations on tackling promoters of avoidance schemes, including “disguised remuneration” operations....
...Regarding the article on the disguised remuneration debate (“MPs cry foul over ‘whitewash’ loan charge review”, March 6), as a practising accountant for more than 40 years I had several clients ask me: does...
...An HMRC spokesperson told the Financial Times: “HMRC is aware that four customers, who we have been told used disguised remuneration schemes, have very sadly, taken their own lives....
...The review will consider whether the loan charge is an “appropriate way” of dealing with individuals who entered so-called disguised remuneration schemes....
...HMRC data from February showed that of the 6,000 disguised remuneration settlements agreed, 1,550 were with employers and 4,450 with individuals....
...The interventions are the latest action in HMRC’s investigation of fraud related to disguised remuneration schemes....
...In my view, they will use this to investigate old disguised remuneration arrangements. “This is yet another consequence of the loan charge....
...“Contrary to some campaigners’ claims, HMRC will not force anyone to sell their main home to pay their disguised remuneration debts,” the report said....
...But he argued that disguised remuneration schemes constituted “gross aggressive tax avoidance”, and that the outstanding tax remained due....
...Disguised remuneration is an aggressive and contrived form of tax avoidance in which earnings are disguised as “loans”, typically routed to the recipient via an offshore trust....
...The inquiry concluded that HMRC’s powers were undermining “the rule of law” and leading to unfair treatment of taxpayers, particularly those who used disguised remuneration schemes....
...Letter in response to this article: ‘Disguised remuneration’ scheme played with fire / From Andrew Moore, Assington, Suffolk, UK...
...At the 2016 Budget, the government announced it would apply a tax charge to any outstanding disguised remuneration loans by April 2019....
...Disguised remuneration schemes typically involve an employer paying an employee indirectly through a third-party company, often in the form of an offshore trust....
...Ministers have said the tax from disguised remuneration schemes was due but that HMRC would show flexibility towards anyone struggling to pay....
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