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HMRC have issued Spotlight 53: Disguised remuneration: tax avoidance using capital advances, joint and mutual share ownership agreements about schemes to avoid Income Tax and NIC using capital advances and offshore share ownership arrangements.

HMRC describe the arrangements as follows:

As with all their other spotlights on disguised remuneration schemes, HMRC states:

Links to our guides:

Disguised remuneration

General Anti-Abuse Rule (GAAR

External link:

Spotlight 53: Disguised remuneration: tax avoidance using capital advances, joint and mutual share ownership agreements