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Benefit Trust


JamboAl

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Does anyone know what is HMRC's current policy on EBTs?

If Rangers go into liquidation will HMRC go after those who benefitted to get their tax. Ignoring the NIC factor and assuming all are liable at 40%, someone who received ?60k would receive an assessment to pay tax on a further ?100k if the Revenue's policy is to chase up the individual where the errant employer doesn't have the funds. There will of course be difficulties in this approach because some of the beneficiaries are no longer resident here.

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