Disguised remuneration

In Business Tax, there is a new section for the partnership return to indicate if any of the trading income for the partnership includes income from a disguised remuneration scheme.

This is available from tax year 2019 and can be selected by going to Trading and Professional Income (located on the left-hand side of the screen) and clicking on Disguised Remuneration.

Tick if profit or loss figure includes any disguised remuneration income – select this to indicate the profit/loss figure for the business does include disguised remuneration income. This will populate Box 3.94 and Box 12A (for the business)

The screen also includes a table where all the partners of the partnership are listed. At least one partner must be selected. This will populate a corresponding tick for each partner as selected in the partnership return in Box 12A on the partnership statement pages.

When refreshing to Personal Tax this will also populate a tick in Personal Tax and print in the Box 15 on the partnership section of the partner’s self-assessment return.