HMRC is inviting employers who have used lease premium schemes (with or without EBTs) to agree a financial settlement on the potential liabilities arising from use of such arrangements.

The move follows changes made in the 2009 Finance Act which were designed to curtail schemes used to avoid a PAYE and NICs charge on employer provided accommodation. HMRC now says that following its tax counsel’s advice it will consider litigation in the future. 

HMRC requests that customers or their agents should register an interest by 5.00 pm on Friday 6 August 2010. 

Links: Lease Premium Disclosure Opportunity