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Have you, or any of your workers, been affected by The Loan Charge?

The loan charge seeks to recover unpaid taxes on remuneration that was paid tax free under a disguised remuneration of loans.

The Low Incomes Tax Reform Group has produced some excellent guidance on this for anyone affected.

There is also further guidance if you have the 30th September 2020 as a deadline.

Professional Passport will not approve any provider who operates any part of their remuneration as loans. Anyone will any concerns over how they are paid can contact us directly.

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