EBT

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.

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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.

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A first-tier tribunal has ruled that payments made to players and staff a

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EBT

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

1

A friend of mine bought into an EBT scheme a couple of years ago.

Just before Easter, HMRC made a public offer to companies to settle outstanding claims fo