On 20 March 2017, HMRC published draft guidance for inclusion in its Employment Income Manual, which explains the proposed amendments to the disguised remuneration legislation in Part 7A, Income Tax (Earnings and Pensions) Act 2003, contained in the Finance Bill 2017.

The draft guidance includes information on applying the new rules to prevent double taxation; the new relevant step for transferring, releasing or writing off a loan; and the amendment clarifying that a payment of a tax liability in relation to a relevant step is not itself a relevant step.

HMRC's draft guidance can be found here.