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NIC Avoidance in the Spotlight

Eric Williams, tax partner and Gary Ashford, senior tax manager at Grant Thornton UK LLP examine investigations into Employment Benefit Trusts

 
Eric Williams tax partner and Gary Ashford senior tax manager at Grant Thornton UK LLP examine investigations into Employment Benefit Trusts
 
National Insurance (NIC) avoidance is increasingly coming under scrutiny. The publication of the Inland Revenue's Annual Report and Accounts for 2004 provides further evidence of this in addition to recent developments on the ground.
 
For this reason Employment Benefit Trusts (EBTs) have come under the spotlight and changes to the Inland Revenue's strategy to investigations are afoot. Employer compliance teams are becoming involved in EBT enquiries increasingly frequently despite the fact they have been capably dealt with by corporation tax (CT) inspectors who have the...

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