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 British taxman has enlisted its two main IT contractors to assess the viability of offshoring, in a move that could pave the way for tax forms to be processed overseas.

HM Revenue & Customs approached Capgemini and Fujitsu six months ago about its Quantum project – an internal initiative to yield savings, mainly in IT, of £205million. (more…)