Employers that have used employee benefit trusts (EBT) to avoid tax have until March next year
More than £2bn in unpaid tax remains to be collected from offshore trusts that companies unlawfully used to allow employees to minimise income tax, according to HMRC.
US bank JP Morgan is getting close to reaching a £500m settlement with HMRC to pay back taxes from an offshore trust for bonus payments.
A first-tier tribunal has ruled that payments made to players and staff a
Client set up an EBT circa 2002, and paid in £450K and later sought deduction for CT purposes, but was subsequently challenged by HMRC following a court case, and the client paid the CT due on thi
A friend of mine bought into an EBT scheme a couple of years ago.