Market leading insight for tax experts
View online issue

HMRC attack on EBT loans

Question

 
The recent Budget contained references to disguised remuneration. Has HMRC arranged for its plans to be contained with the 2011 tax changes? What are the details to accompany the chancellor’s references? And surely these changes will not impact EBTs which predate the 2011 rules?
 

Answer

 
The chancellor did indeed refer to disguised remuneration in his Budget speech of 16 March. The detail if you can call it that was to be found in a technical note which can be found at www.bit.ly/1VQOmVm.
 
The forthcoming changes will affect anyone with outstanding loans from employee benefit trusts (EBTs) and similar trusts and those who have received loans under a contractor loan scheme. In short the technical note refers to a future...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

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.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top