Speed Read: Recent publications by HMRC highlight that some uses of Employee Benefit Trusts (EBTs) and Employer-Financed Retirement Benefits Schemes (EFRBS) may come under Revenue attack. In particular, arrangements which seek to accelerate Corporation Tax deductions for companies, or provide non-taxable income for employees or their relatives are under close scrutiny. Nonetheless, there are situations in which contributions to and benefits from EBTs can avoid IHT charges, and EBTs can be effective deferral mechanisms for income and benefits. For UK resident employees, an EFRBS provides both a useful investment vehicle and the potential for tax deferral.