Category Archives: Personal Tax

Review for High Income Child Benefit Charge penalty cases concludes HM Revenue and Customs (HMRC) has completed its review into High Income Child Benefit Charge (HICBC) cases where a ‘Failure to Notify’ penalty was issued. HMRC took the decision to review cases where a ‘Failure to Notify’ penalty was issued for the tax years 2013…

1. Disguised remuneration and the loan charge Disguised remuneration schemes are tax avoidance arrangements that seek to avoid Income Tax and National Insurance contributions (NICs) by paying scheme users their income in the form of loans. The loans were never intended to be repaid, so they are no different to normal income and are taxable.…