Market leading insight for tax experts
View online issue

Finally tackling disguised remuneration arrangements


I am the owner of a successful family business which has made significant profits for many years. In early 2001 it was suggested by my accountant at the time that I could avoid paying PAYE and NICs by using an employee benefit trust (EBT) and loan arrangement. I subsequently extracted £500 000 in the form of a loan and used this money to buy my existing house. I have never repaid anything. Despite HMRC having asked at times I haven’t settled anything yet. I understand new charging rules are being introduced in 2019. What should I do?


You and many others…

Despite HMRC’s activity over the last few years there still seems to be a large number of smaller companies or one man bands who still have not settled under various voluntary disclosure routes with HMRC in respect of these...

If you are not a subscriber, subscribe now to read this content.
If you are already a subscriber, sign in
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.