Draft anti-avoidance provisions to tax disguised remuneration (including EBT benefits and EFRBS)

Resource type: Legal update: archive

Status: Published on 09-Dec-2010

Jurisdictions: England, Wales

HMRC and HM Treasury published draft legislation for the Finance Bill 2011 on 9 December 2010. This includes provisions to block the use of EBTs and other vehicles to provide benefits to employees or their families while avoiding or deferring income tax and NICs.

PLC Share Schemes & Incentives

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Resource information

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Resource ID: 3-504-1876
Published: 09-Dec-2010
Products: PLC Law Department Email, PLC UK Pensions, PLC UK Share Schemes & Incentives, PLC UK Tax

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Topics

Tax and NICs for IncentivesTax and NICs for Incentives (http://restructuringandinsolvency.practicallaw.com/6-205-7176)

Practice notes

Disguised remuneration tax legislation (Part 7A of ITEPA 2003): issues for share plans and other employee benefits Disguised remuneration tax legislation (Part 7A of ITEPA 2003): issues for share plans and other employee benefits (http://uk.practicallaw.com/topic4-504-5317)
Employment-related securities Employment-related securities (http://uk.practicallaw.com/topic6-376-2197)
Restricted securities Restricted securities (http://uk.practicallaw.com/topic3-364-2007)

Legal update: archive

EBTs beware: new Part 7A exclusions for share plans are restrictive and complex EBTs beware: new Part 7A exclusions for share plans are restrictive and complex (http://uk.practicallaw.com/topic2-505-5109)
HMRC avoidance spotlight on family benefit trusts HMRC avoidance spotlight on family benefit trusts (http://uk.practicallaw.com/topic2-422-3133)
HMRC offers to settle disputes over disguised remuneration for tax years before 2011-12 HMRC offers to settle disputes over disguised remuneration for tax years before 2011-12 (http://uk.practicallaw.com/topic3-505-8070)
HMRC publishes FAQs on draft anti-avoidance legislation on disguised remuneration HMRC publishes FAQs on draft anti-avoidance legislation on disguised remuneration (http://uk.practicallaw.com/topic5-504-8928)
June 2010 Budget: tax avoidance using employee benefit trusts June 2010 Budget: tax avoidance using employee benefit trusts (http://uk.practicallaw.com/topic0-502-5873)
New HMRC avoidance spotlight on employee benefit trusts New HMRC avoidance spotlight on employee benefit trusts (http://uk.practicallaw.com/topic8-505-0076)
Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax (http://uk.practicallaw.com/topic5-382-8759)
Tax policy updates and draft Finance Bill 2011 legislation Tax policy updates and draft Finance Bill 2011 legislation (http://uk.practicallaw.com/topic7-504-1803)
Taxpayer and HMRC withdrew their High Court appeals in Sempra Metals case on family benefit trusts Taxpayer and HMRC withdrew their High Court appeals in Sempra Metals case on family benefit trusts (http://uk.practicallaw.com/topic0-386-2034)

Legal update: case report

First-tier tribunal rules against restricted securities scheme to avoid income tax and NICs on bonuses First-tier tribunal rules against restricted securities scheme to avoid income tax and NICs on bonuses (http://uk.practicallaw.com/topic2-503-5102)
Tax due on employees' shares in cash-box companies, awarded under an avoidance scheme Tax due on employees' shares in cash-box companies, awarded under an avoidance scheme (http://uk.practicallaw.com/topic3-503-9883)

Draft anti-avoidance provisions to tax disguised remuneration (including EBT benefits and EFRBS)

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