The Government published Sir Amyas Morse\u2019s independent review of the Loan Charge on 20 December, alongside the Government\u2019s response to his recommendations. The Government welcomes Sir Amyas\u2019 recognition that disguised remuneration schemes are a form of tax avoidance and that action was needed to tackle their use. However, the Government recognises concerns raised by the Review about the design of the Loan Charge and the impact on those liable to pay it and is therefore accepting all but one of the Review\u2019s recommendations. The Government will ensure taxpayers have sufficient time to consider the impact of these changes on their tax position and individuals can now defer submitting their tax return and paying their Loan Charge liability until 30 September 2020, without incurring any penalties or interest.<\/p>
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