HMRC FAQs: NIC rules on disguised remuneration

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HMRC has published answers to frequently asked questions about complex new rules to prevent employers from disguising large payments to employees through loans and trusts – employment benefit trusts (EBTs) – to avoid or defer income tax or national insurance contributions.

The 13-part Q&A, flagged by Smith & Williamson in a tax briefing, explains National Insurance contribution (NIC) rules on “disguised remuneration” legislation. The NIC rules came into force on 6 December 2011.

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