Employee benefit trusts and contractor loan schemes
Do you have clients with outstanding loans from employee benefit trusts (EBTs) relating to disguised remuneration? Were any involved in contractor loan schemes? Has a settlement been agreed with HMRC?
A new loan charge will come into force next April which will apply to any loans made after 5 April 1999 still outstanding at 5 April 2019. Make sure you know the options available to your clients. Remember the deadline for the settlement opportunity for submitting all the relevant information to HMRC is 30 September 2018.
Join Frank Haskew, Head of ICAEW's Tax Faculty and Rebecca Benneyworth as they walk through the options available and the implications of the new rules.