Paying employees through loans and trusts to avoid tax will be forbidden in most cases under new draft guidance on disguised remuneration provisions published by HMRC, reports Nick Huber.

HMRC’s campaign against disguised remuneration is designed to prevent employers, in particular City firms or football clubs, from disguising large payments to employees through loans and trusts – employment benefit trusts (EBTs) – in order to avoid or defer income tax or national insurance contributions.

Read the full article excellently written by Nick Huber.

www.accountingweb.co.uk/article/hmrc-cracks-down-disguised-remuneration/518157