HM Revenue & Customs (HMRC) last week produced a revised version of its Frequently Asked Questions (FAQs) on the vexed subject of disguised remuneration.
On 9 December 2010, HMRC published draft legislation aimed at closing down certain tax planning arrangements for employee bonuses, usually involving employee benefit trusts (EBTs) and loans andor sub-trusts, which they are terming "disguised remuneration".
HM Revenue & Customs ("HMRC") has published FAQs which provide reassurance that intended legislation on "disguised remuneration" should not affect normal employee share plans.
On 9 December 2010 HMRC released draft legislation in the Finance Bill 2011 designed to "tackle arrangements involving trusts and other vehicles used to reward employees which seek to avoid, defer or reduce tax liabilities".
We have ploughed through the reams of provisions and consultations to give you in this briefing a 'what you need to know summary guide to the announcements affecting business taxation'.
The Treasury published draft legislation today (9 December) which is intended to tackle tax avoidance using "disguised remuneration".
The Government has today issued a Summary of Responses to the Consultation Document for the reform of the tax and company law rules for Investment Trust Companies (ITCs), published in July of this year.
The 2010 UK Government budget was handed down on 24 March.
We take a look at the latest HMRC figures for approved share plans.
Following changes to stamp duty announced in the Budget, Companies House has issued a news release clarifying the new filing requirements in relation to the repurchase by a company of its own shares.