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Employee benefit trust settlements

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HMRC has published guidance in the form of a table setting out a comparison of the terms it will apply to settlements of liabilities made before and after the final payments became due under the employee benefit trust (EBT) settlement opportunity on 31 July 2015 (see

Finance Bill 2016 also includes legislation to withdraw the transitional relief, introduced under the EBT settlement opportunity, which is currently available for investment returns received from tax avoidance schemes using EBTs. Relief will be withdrawn where liabilities have not been settled with HMRC by 31 March 2017. Taxpayers affected must inform HMRC by 31 October 2016 that they wish to settle. HMRC has published guidance on the process to be followed (see

Issue: 1322
Categories: News