Archive for December, 2014

EBTs – time to pay up?

For many, EBTs were traditionally used as a means of reducing tax liabilities. Companies set up a trust from which an EBT in the form of a long term loan was granted, to pay the company’s employees; thus reducing income tax liability. Eventually HMRC grew wise to this tactic, recognising EBTs as a tax avoidance […]

HMRC’s PAYE RTI gaff blamed on employer error

Without doubt, the chaos caused by the introduction of HMRC’s Real Time Information (RTI) system has been substantial, with a six-eight week forecast given to rectify the mess. This supposed answer to the problems traditionally encountered by the annual PAYE reconciliation has still seen millions of incorrect tax demands being sent out to employees, and […]