HMRC has added ‘Spotlight 41’ to its targeted list of tax avoidance schemes, concerning the Supreme Court decision in RFC 2012 plc (in liquidation) (formerly Rangers Football Club plc) v Advocate General for Scotland [2017] STC 1556, involving employee benefit trusts.
HMRC has added ‘Spotlight 41’ to its targeted list of tax avoidance schemes, concerning the Supreme Court decision in RFC 2012 plc (in liquidation) (formerly Rangers Football Club plc) v Advocate General for Scotland [2017] STC 1556, involving employee benefit trusts. In particular, HMRC says it will regard the principle set out in the decision, that employment income paid from an employer to a third party is generally taxable as employment income on the employee, as applicable to a wide range of disguised remuneration schemes. This will include:
HMRC has added ‘Spotlight 41’ to its targeted list of tax avoidance schemes, concerning the Supreme Court decision in RFC 2012 plc (in liquidation) (formerly Rangers Football Club plc) v Advocate General for Scotland [2017] STC 1556, involving employee benefit trusts.
HMRC has added ‘Spotlight 41’ to its targeted list of tax avoidance schemes, concerning the Supreme Court decision in RFC 2012 plc (in liquidation) (formerly Rangers Football Club plc) v Advocate General for Scotland [2017] STC 1556, involving employee benefit trusts. In particular, HMRC says it will regard the principle set out in the decision, that employment income paid from an employer to a third party is generally taxable as employment income on the employee, as applicable to a wide range of disguised remuneration schemes. This will include: