Following our earlier blog piece on the new requirement for UK limited companies (including pension trustee and employee benefit trust companies) to identify their “people with significant control” (PSCs), today is the day from which this information must start being made public at Companies House. The first step is to identify your PSCs (if you have … Continue Reading
HMRC has announced that the settlement facility for employee benefit trusts (EBTs) will be withdrawn from 31 March 2015. The facility was offered from April 2011 for employers who set up EBTs that HMRC considers are caught by the “disguised remuneration” legislation introduced in the 2011 Finance Act. This was aimed at the use of EBTs … Continue Reading
