SITE UPDATE: HMRC has announced plans to address the use of Employee Benefit Trusts, a move that will effect tens of thousands of contractors in the UK. There is an alternative. And the alternative is available now.
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Within a few short months, EBT's are likely to finish as a viable payment structure for contract workers.
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An alternative now exists
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Budget 2010: all change for Employee Benefit Trusts
In the 2010 Budget, HMRC stated plans to address the use of Employee Benefit Trusts.
New legislation is planned to come into force in April 2011. The change is likely to prevent the use of EBT's as a payment vehicle for contract workers.
White Rock, expert technical accountants, have developed a unique, UK-based alternative offering returns at similar levels to EBT's.
This unique scheme is now being offered to selected agencies for their review.
If you are an agency with workers currently paid via EBT's contact us today for a confidential discussion and details of the scheme.
Any change to EBT's will impact contract workers and, significantly, their agencies
grey matter group
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