Employee Benefit Trust (EBT) settlement after 31 July 2015 settlement opportunity (NewEBTSO).

The original EBT settlement opportunity (EBTSO) ended in 2015. Since then HMRC has been settling EBTs.

It has now published a useful table showing the differences between the EBTSO and NewEBTSO.

Why settle?

In view of the changes made to the Disguised remuneration rules in Part 7a ITEPA 2003 including the 2019 loan charge which applies to all outstanding loans from EBT's on 5 April 2019, this is to avoid double taxation.

See HMRC Employee Benefit Trust (EBT) settlement after 31 July 2015

Also see Disguised Remuneration final settlement opportunity

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