Disguised remuneration

A look at the new regulations

Amounts chargeable to income tax under the Disguised Remuneration legislation now carry a charge to national insurance. 

The regulations came into force on 6 December 2011 and HMRC has stated that 'Employers will need to account for Class 1 primary (employee) and secondary (employer) NICs on amounts which count as employment income under Chapter 2 of Part 7A on or after that date, except where the Part 7A charge arises on 6 April 2012 in relation to an "early step" which took place between 9 December 2010 and 5 April 2011.'

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