HMRC's crackdown on payroll tax avoidance and employee benefits trusts (EBTs) by the UK’s biggest companies has helped HMRC to double tax receipts from payroll schemes trying to avoid tax.
Figures from law firm Pinsent Masons show that HMRC investigations into payroll irregularities by the UK’s 770 largest businesses made £533m in extra tax, compared to £205m in the previous year.
An EBT is usually a structure set up by an employer for the benefit of its employees and...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.