The heady days of a £10m lifetime Entrepreneurs’ Relief allowance are now a distant memory. This was reduced to £1m in…Read more
It is fairly common for sporting clubs to seek cheap finance from its members for various initiatives (e.g. new tennis courts…Read more
It is generally well known that a ‘section 455 charge’ will arise if a loan outstanding to a shareholder remains outstanding…Read more
The issue There have been various rumours circulating about a HMRC ‘test case’ with the following key points: A director’s loan…Read more
The issue Outstanding loans made to individuals from EBTs, EFRBS and other similar ‘disguised remuneration’ arrangements on 5 April 2019 became…Read more
Breakdown In 2017 the Government legislated to introduce a charge on outstanding loans from EBTs, EFRBS and other ‘disguised remuneration’ schemes. …Read more
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