Employee Benefit Trusts – The net tightens!
Employee Benefit Trusts ("EBT'S") had become more prevalent over the last 10 - 15 years or so and were most heavily marketed to companies between around 2007 and 2014 as a means to reward employees in a tax efficient manner.
Typically companies would pay monies into a trust which could then be loaned to the employee on favourable terms without PAYE and NIC charges.
The schemes, which had to be notified to HMRC under their own disclosure rules were compliant with legislation and advice ...
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