Guidance on how to manually calculate the Income Tax, National Insurance and student loan deductions due on the disguised remuneration loan charge has been published by HMRC on the Gov.uk website.

The loan charge arises on 5 April 2019 in the final pay period of 2019.

When you report your employee’s outstanding disguised remuneration loan balance you may need to use HMRC’s Basic PAYE Tools (BPT) to send an Earlier Year Update (EYU) submission.

You’ll need to calculate the tax, National Insurance and student loan deductions due. If your current payroll software product cannot perform these calculations for you, you’ll need to use the manual tax, National Insurance contributions and student loan tables.

See the guidance here

"I know it is not till next June but just booked on The Payroll Centre's Annual conference. This is my must do course/conference of the year, having been almost every year for 10+ years, only missing for my wedding and having a baby, I even went one year with a 3 month old in tow! "

Andi Herrington
Director of Payroll Services at Wallis Payroll Ltd

View on Linkedin

Have a question?

Leave us your details or call us on 01798 861111

Ensure you're up to date and compliant

Are you happy for us to email you from time to time with payroll related information, legislation and updates?

Yes please, keep me up to date