We are not just accountants, we are business owners. We understand the myriad of pressures on your time.

Our focus is your success through combining the latest technology with traditional values.

Schedule a Call

Let's talk about Your Business

Got ideas buzzing about your business? Let's talk! Schedule a hassle-free, commitment-free consultation at your convenience. Whether it's a Zoom call, MS Teams meeting, or a good old-fashioned phone chat, we adapt to your style. In this initial conversation, share your business vision and queries. From there, we'll whip up a tailored proposal, open for your comments and revisions until it's just right. Give us a shout — let's see what we can achieve together!

    Sign Up to our newsletter and Get our FREE Guidebook


    To get a download link, enter your email address to sign up for our newsletter. Once confirmed, you will receive an email with a download link to the FREE guidebook PDF.


    You may unsubscribe at any time.


    Loan Charge to go Ahead on 5th April

    Written by Graham Coady •

    The Treasury has published the outcome of their review into the implementation of the Loan Charge on 5th April 2019

    Whilst there was an admission that the Loan Charge was designed to avoid (an interesting word in the context of Disguised Remuneration) protracted litigation with individuals challenging the HMRC interpretation of their tax affairs and a recognition of the difficulties that this would cause some individuals, the overall conclusion was that the Loan Charge “is the right approach to ensure fairness for the vast majority of UK taxpayers who pay the right amount of tax at the right time and draw a line under this form of tax avoidance.”

    As a result, the Loan Charge will be applied to outstanding loans under Disguised Remuneration Schemes on 5th April.  The HMRC have clarified what outstanding means.  They state “The charge will apply to all loans made since 6 April 1999 if they are still outstanding on 5 April 2019. The charge will not arise on outstanding loans if the user has agreed or is progressing towards settlement with HMRC before 5 April 2019.”

    It is not too late to start this process with HMRC by contacting them by email at cl.resolution@hmrc.gsi.gov.uk.  The information that needs to be provided by 5th April is:

    If you would like our assistance or have any questions, please contact us at tax@cooperfaure.co.uk.

    Keep Reading…

    Show More Articles