London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Loans from trusts

HMRC is looking at any remaining loans provided to employees indirectly, generally from employee benefit trusts or unapproved pension schemes. If the tax liabilities have not already been settled with HMRC there is a backstop date of April 2019 when PAYE will fall due.  If the company is unable to meet the liability e.g. because it has been wound up, the liability instead falls on the recipient.

If you think you may be affected by this please do get in touch.

 

 

Date: 20th March, 2018
Author: Jacqui Gudgion

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

Michael Lapham discusses pensions in Optima Magazine bit.ly/2NAqg5P #Pensions #FinancialPlanningtwitter.com/i/web/status/1…

Mercer & Hole Rickmansworth team take part in Memory Walk supporting Alzheimer’s Society bit.ly/2zsWRSmtwitter.com/i/web/status/1…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn