| answer text |
<p>HMRC cannot reject Self-Assessment tax returns on the basis of information contained
within the returns, including information relating to the Loan Charge or disguised
remuneration schemes. Self-Assessment is a process now, check later regime. A Self-Assessment
tax return would only be rejected if it fails to satisfy the filing requirements to
constitute a statutory return. The Self-Assessment regime also gives HMRC the powers
to open an enquiry into a return up to the end of a period of 12 months if the return
was filed on or before the statutory filing date.</p><p> </p><p>HMRC have also recently
provided guidance on GOV.UK for taxpayers following the outcome of the independent
Loan Charge Review which includes information for those taxpayers who have filed or
are yet to file their 2018-19 Self-Assessment tax return: <a href="https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review/guidance"
target="_blank">https://www.gov.uk/government/publications/disguised-remuneration-independent-loan-charge-review/guidance</a>.</p><p>
</p>
|
|
