This information on EBT Schemes was kindly supplied by 1st Option Accountants. For more information regarding the topics raised in this artcile then please contact 1st Option on any of the contact details shown at the bottom of this page.

What are they?

An Employee Benefit Trust (EBT) is often centred on a pension or profit-sharing plan and is usually administered by dedicated third-party EBT management firms, acting as the company’s trustee. Such schemes are widely used by corporations to augment the benefit packages of UK workers - they usually offer some taxation deferral advantages. (more…)

The Treasury are in danger of being very short sighted as to the impact of ‘tax on jobs’. In gaining £125m the risk is a loss of £400m – can the public sector not afford calculators???

Months of protest against a ‘tax on jobs’ in key sectors which use temporary staff have been reluctantly abandoned after the government said it would introduce it next month. (more…)

An early day motion was tabled at the House of Commons for the abolition of IR35.

Lorely Burt, Dr Vincent Cable, Sir Robert Smith, Chris Huhne, Bob Spink and Andrew George tabled the motion, calling on the Government to abolish IR35 in light of the current economic difficulties. (more…)