Deciding whether or not to take up HMRC’s offer of settlement in relation to EBT arrangements is often the easy part, James Hume writes.
The practical reality of what a settlement involves can prove much more difficult.
The decision of whether to take up HMRC’s open offer of settlement in relation to EBT arrangements should for most beneficiaries employers and their advisers come down to a simple question: if I were instead to litigate and win would I be any better off?
In many cases the threat of a disguised remuneration charge will mean that the answer to that question is ‘no’. The successful litigant taxpayer will in addition to the costs of fighting its case face a potential liability for income...
