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EBT Settlement Opportunity to Close

5th January 2015

HMRC's Settlement Opportunity for employers who have used Employee Benefit Trust (EBT) avoidance schemes will be withdrawn from 31 March 2015.

HMRC is warning that the beneficial terms for the settlement of PAYE and National Insurance liabilities resulting from the use of an EBT will no longer be available, unless the employer notifies HMRC of its intention to settle by 31 March.

Employers not settling under the Opportunity will then face a choice of litigation, or settling with HMRC on less favourable terms.

Please contact Katharine Arthur on karthur@haysmacintyre.com or Nick Bustin on nbustin@haysmacintyre.com further details and to discuss the options available to you. 

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