Over the years, a number of ‘tax-efficient’ methods of giving remuneration have been developed, such as Employee Benefit Trusts (EBTs) and Employer-Funded Unapproved Retirement Benefit Schemes (EFURBS).
The Government has recently published draft anti-avoidance legislation aimed at so-called ‘disguised remuneration’ and, as drafted, the legislation could cause problems for many legitimate employee share schemes using EBTs or EFURBS.
If you are using any form of indirect remuneration for your employees, now may be a good time to have your arrangements reviewed in the light of the proposed changes, so you are ready to act if you need to before revised legislation bites.
Time to Review Tax Arrangements?
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.
We offer a premium, best-in-class service to everyone we work with
We’ll make you feel strongly supported, fully informed and completely in control
We’ll provide you with legal advice that’s prompt, incisive and clearly communicated.
We can provide advice right across the lifecycle of your business or organisation.
Placing you and your outcome at the centre of everything we do.
We don’t just respond to your questions, we anticipate them.
