HMRC Challenge to Offshore Employment Loan Schemes

HMRC have announced a challenge to certain contractor employment loan schemes. The arrangements typically involve working in the UK but employment by an overseas entity. The contractor is then paid partly in the UK, but with the majority by offshore loans, to seek to minimise UK tax. HMRC have said they will be assessing users of such schemes for 2008 to 2011.

Eamon McNicholas
Tax Barrister, Accountant

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About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
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