Disguised Remuneration September 2011

Part 7A ITEPA (“Part 7A“) was introduced by Schedule 2 to the Finance Act 2011. The essential aim of Part 7A is to tackle “arrangements used for the purpose of disguising remuneration in order to avoid or defer income tax or national insurance contributions”1. The Exchequer Secretary to the Treasury, David Gauke MP, in Committee debates on Part 7A said: