Wednesday, July 13, 2011
Employee Benefit Trust - UK Finance Bill 2011
Employee Benefit Trusts have extended been utilized by businesses in order to avoid having to pay taxes on bonuses. Additionally they have been a favourite vehicle for IT contractors, among others, to obtain remuneration in a tax efficient method by taking loans from the trust. Unfortunately the Finance Bill 2011 place a stop to this. The excellent news is a number of organisations had the foresight to foresee these recent events and extended since established financial structures that have immediately emerged as remaining tax efficient vehicles in spite of the fresh legislation. For further data visit my blog.
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