HMRC publish guidance on how to manually calculate deductions on the loan charge

Released 1 April 2019

HMRC have published a new guide for employers on how to manually calculate deductions due on the disguised remuneration loan charge.

Manually calculate deductions due on the loan charge explains how to calculate the income tax, National Insurance and student loan deductions due on the disguised remuneration loan charge. The disguised remuneration loan charge arises on 5 April 2019 in the final pay period of 2019. Employers will need to calculate the tax, National Insurance and student loan deductions due if their current payroll software product cannot perform these calculations.

View the guidance Manually calculate deductions due on the loan charge.

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