Employee Benefit Trust update
15 August 2014
HMRC has announced the withdrawal of the Employee Benefit Trust settlement opportunity (EBTSO) from 31 March 2015.
The HMRC announcement explains that over 700 employer-level users have taken advantage of this opportunity since it was publicised, and of course the numbers of affected employees will be considerably greater than that. HMRC believe that enough time has now been allowed for others to agree, which is why they have announced a closing date.