Legal updates: October 2023

Sophie Brookes and Debbie Shaw, Gateley, examine proposed changes to employee ownership trusts to stop tax abuse, AXA wins at Company Names Tribunal over misuse of its name and prospectus regime review

Proposed changes to employee ownership trusts

A consultation by HMRC on changes to the taxation of Employee Ownership Trusts (EOTs) aims to ensure that use of the structure remains focused on the original policy objectives of encouraging employee ownership and rewarding employees. The government is concerned that the structure is being used outside of these purposes, to obtain a tax advantage on a company sale.

What is an EOT?

Your free features:

Breaking news and expert analysis
Customisable daily newsletters
Six free CPD learning modules each year
Personalised CPD tracker
Top 75 Firms league tables
Regulatory changes
Hardman’s Tax Data

Business | What happens when clients rely on bad tax advice from finfluencers?

Tax | Employee ownership trusts as an exit option

Finance | Philanthropy at work: setting up a corporate foundation

Finance | Legal updates: danger of digital handshake via email in binding contracts

Tax | Budget 2025: 50% CGT on employee ownership trusts

Navigate

Tax Services

Your free features:

Sign up to Business & Accountancy Daily