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24 August 2011 - HMRC publishes draft National Insurance regulations on disguised remuneration

HMRC has published draft regulations to treat 'disguised remuneration' as earnings for National Insurance contributions purposes.

HMRC has also published Explanatory Notes.

Any comments or questions on the draft regulations should be sent to HMRC by 23 September 2011.

In its draft guidance on the disguised remuneration tax legislation, published on 18 August 2011, HMRC stated that amounts chargeable to tax under that legislation will not be subject to National Insurance contributions until the National Insurance regulations come into force. HMRC intends that the regulations will be made and laid in early October.

Please contact Karl Vernum for further information.

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