Richard Clarke and Jessica McLellan look at recent HMRC activity, including their views on the use of EBTs set out in Revenue & Customs Brief 18/11
Revenue & Customs Brief 18/11
The use of Employment Benefit Trusts (EBTs) to defer or avoid employment taxes has been high up HMRC’s agenda over recent months. The autumn tax statement introduced the disguised remuneration legislation on 9 December 2010 and work continued on refining the legislation which was published with the Finance Bill on 31 March.
During this period HMRC found the time to add Spotlight number 11 which refers to a marketed idea to circumvent the disguised remuneration rules in addition to earlier Spotlights on EBTs and EFRBs. So devoting three of its 11 published black-list to these related issues demonstrates the intent to stamp out their use and the latest developments in that campaign are mentioned below. But how did...
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:
Richard Clarke and Jessica McLellan look at recent HMRC activity, including their views on the use of EBTs set out in Revenue & Customs Brief 18/11
Revenue & Customs Brief 18/11
The use of Employment Benefit Trusts (EBTs) to defer or avoid employment taxes has been high up HMRC’s agenda over recent months. The autumn tax statement introduced the disguised remuneration legislation on 9 December 2010 and work continued on refining the legislation which was published with the Finance Bill on 31 March.
During this period HMRC found the time to add Spotlight number 11 which refers to a marketed idea to circumvent the disguised remuneration rules in addition to earlier Spotlights on EBTs and EFRBs. So devoting three of its 11 published black-list to these related issues demonstrates the intent to stamp out their use and the latest developments in that campaign are mentioned below. But how did...
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:
.tmb-editorspic.jpg?sfvrsn=c9a7a0cc_1)
