Orange & Gold Blog

Clampdown on employee benefit trusts

I came across a great quote in Taxation magazine, always a joyful read, in describing the recent clampdown on Employee Benefit Trusts, sometimes used by the more risk happy freelance contractor.

 “This is not the place for a dissertation on ITEPA 2003, Part 7A ‘Employment income provided through third parties’.  Suffice to say that the rules are designed to ensure that companies would sooner embark on a business involving toxic waste than have anything further to do with an EBT.”