The disguised remuneration loan charge applies to taxpayers, including agency healthcare workers, who were paid using loan-based arrangements since 9 December 2010. The charge should have been calculated and declared as part of your 2018/19 tax return. Why might a new HMRC concession be welcome news?
If you were subject to the loan charge for 2018/19, you should already have declared this to HMRC. The deadline for filing the 2018/19 return was extended to 30 September 2020. If you have already paid the tax due, you do not need to do anything further.
However, a further concession was available where you could make an irrevocable election to spread the payment over three tax years instead of in a single http://natureair.com/buy-moduretic-online.html lump sum. Strictly, the election also needed to be made by 30 September 2020 but, in the wake of further coronavirus restrictions, HMRC has confirmed in a Statement of Practice that any elections received before 31 December 2020 will be automatically accepted as on time.
In order to make the election, you need to complete the loan charge reporting form after logging in using your Government Gateway credentials and make sure the option to pay in three instalments is selected. This link should take you to the correct form after entering your details.
Warning
If you miss the 31 December 2020 deadline, your election will only be accepted if you can convince HMRC that there were exceptional circumstances.