REMUNERATION TRUST: TAX AVOIDANCE USING LOANS OR FIDUCIARY RECEIPTS

On 10th May, Accountancy Daily reported that HMRC has issued Spotlight 51 about a tax avoidance scheme that attempts to disguise income and other taxable profits as loans or fiduciary receipts – marketed as a wealth management strategy and claims to provide remuneration or profits free of tax.

https://www.accountancydaily.co/cch_uk/cln/news_008668_spotlight51

Spotlight 51 is at –

https://www.gov.uk/guidance/remuneration-trust-tax-avoidance-using-loans-or-fiduciary-receipts-spotlight-51

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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