Salary remuneration and EBT avoidance schemes shut down

As previously warned at the 2015 Autumn Statement, Chancellor George Osborne is shutting down disguised remuneration schemes, the most common of which are employee benefit trusts (EBTs), which avoid payment of national insurance contributions (NICs), raising £2.5bn for Treasury coffers through tightening the rules.

There will also be a new charge on loans paid through such schemes which have not been taxed and are still outstanding on 5 April 2019.