Details

  • Type: Publication series
  • Date: 9/11/2012

United Kingdom – Further Guidance on Employee Benefit Trusts Settlement 

KPMG LLP in the United Kingdom reports that Her Majesty’s Revenue & Customs (HMRC) has published more detailed guidance in the form of Frequently Asked Questions (“FAQs”) helping to clarify how the Settlement Opportunity will apply in practice with respect to Employee Benefit Trusts (“EBTs”).  HMRC had announced previously that it was going to offer employers who have utilized EBTs the opportunity to resolve outstanding enquiries and settle historic tax liabilities without recourse to litigation and in most cases without the imposition of penalties – HMRC refers to this as the EBT Settlement Opportunity.. 
 

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