No picnic for the Teddy Bears, writes David Whiscombe (BKL Tax).
Thomas Dalby (Gabelle) looks at HMRC’s next move following the closure of the EBT settlement opportunity.
HMRC has warned that companies have until 31 July 2015 to settle with HMRC relating to their use of employee benefit trusts (EBTs), or risk facing ‘substantially larger tax bills’ – and possibly litigation.
Lisa Stevenson (Parisi Tax) answers a query concerning employee ownership trusts, EBTs and succession planning
Thomas Dalby (Gabelle) answers a query on a client that acquired, and now wishes to dispose of, a company with a UK-resident EBT holding a number of shares
HMRC has announced that the settlement opportunity for employers who have used employee benefit trusts (EBT) to avoid tax will close in March 2015.