Employee Benefit Trusts and other ‘disguised remuneration’ schemes – HMRC new terms of settlement issued and embargo lifted
Following on from our four part series discussing the April 2019 loan charge (which you will find here), we are now able to discuss the recently issued settlement terms available to users of Employee Benefit Trusts and other ‘disguised remuneration’ schemes.
As we highlighted in that recent series of blogs, following their success in the Murray Group Holdings (Rangers Football Club) EBT case, HMRC recently enforced an embargo on settlements, bringing all settlements in progress to an immediate halt at the beginning of October. The embargo was, we understand, to allow HMRC to review the settlement terms available to all disguised remuneration cases, to ensure they fell in line with the findings in Murray. Regardless of how progressed they were, no settlements were allowed to complete. Read more