London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

EBT settlement opportunity - imminent deadline

Businesses must register with HMRC by 31 October 2016 if they wish to agree a settlement and get transition relief for investment growth.  The Government has allowed businesses that use an avoidance scheme, such as those involving an Employee Benefit Trust (EBT) or contractor loan, to reach a settlement with HMRC.

In particular, if settlement is reached by 31 March 2017, the business will be able to benefit from relief on investment growth.

HMRC has now announced that in order to benefit from the transitional relief, those businesses that used a remuneration scheme, and wish now to settle must register with HMRC by 31 October 2016 and reach a final settlement by 31 March 2017. 

With PAYE now expected on the older (previously exempt) loans, settlement is looking more attractive.

If you would like to talk through the issues or need help calculating your liability please get in touch. 



Date: 11th October, 2016
Author: Cathy Corns


Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.


Our London team are enjoying the office roof terrace, sunshine and stunning views this afternoon…

Great learn and lunch today with Emma from @macmillancancer lots of inspiring fundraising ideas for our charity of……



For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn