Registration for DR Settlement Opportunity Extended
HMRC has changed the registration deadline on its disguised remuneration (DR) settlement opportunity.
Those looking to take advantage of this opportunity should register their interest as soon as possible.
As reported in our previous blog, HMRC is currently running a settlement opportunity for users of DR schemes to settle their tax affairs before a new loan charge comes into effect in April 2019.
HMRC had stated that users must register their interest by 31 May 2018 and submit all the required information by 30 September 2018.
These dates were designed to give HMRC enough time to process cases before the April 2019 loan charge comes into effect.
Despite the 31 May deadline for registrations having been and gone, the gov.uk website for this opportunity continues to say that new users can register. Instead HMRC is now asking that users register “as soon as possible”.
Full disclosures of all the required information must still be submitted by the 30 September 2018.
PD Tax Consultants have helped many clients settle their tax affairs with HMRC, including though disclosure opportunities.
If you have any queries or would like help with taking part in this settlement opportunity, please contact Vikki Elliott at firstname.lastname@example.org.