Time to Review Tax Arrangements?

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.