Employee Benefit Trusts – Disguised Remuneration

HMRC has, over the years, taken many steps to tax Employee Benefit Trusts (EBTs). Probably one of the most extreme tax charges will be the forthcoming 2019 loan charge.

We have been advising on EBTs for nearly 20 years and have had five articles published in the national tax press in recent years, including The Loan Ranger, HMRC attack on EBT LoansGame of Two Halves , Cunning Disguise and They Think its all Over.

Whether you are the founder company, a beneficiary or a trustee, please get in touch to see if we can help.

Contact our Tax Partner, Graham Poles, on 01228 690200 or email Graham at graham.poles@armstrongwatson.co.uk to discuss how we can help you.

The Loan Charge

Don’t wait until 2019 to consider this. Founder companies who set up EBTs and recipients of loans should seek advice at the earliest opportunity. There may be advantages to taking some steps now or to consider the pros and cons of reaching an earlier settlement with HMRC.

The hidden Inheritance Tax charge

If you have settled already, did you settle Inheritance Tax (IHT) too? If not then you may think there isn’t a charge due to IHT relieving provisions. This is NOT HMRC’s view.

Ongoing enquiries & settlements

We can help clients with ongoing tax enquiries into their EBT, and help those wanting to reach a settlement with HMRC, to ensure the outcome is as favourable as possible.

General Advice

We can help you understand what can and cannot be done with EBT assets now and offer advice as to the tax implications of proposed transactions.

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