HMRC is seeking views on proposals to reform the tax treatment of Employee Ownership Trusts and Employee Benefit Trusts.
It wants your views on proposals to reform the tax treatment of two types of employee trusts – Employee Ownership Trusts (EOTs) and Employee Benefit Trusts (EBTs).
The tax authority said: “The aim of the consultation is to ensure that the tax regimes for EBTs and EOTs remain focused on the targeted objectives of rewarding employees and encouraging employee ownership, whilst preventing tax advantages being obtained through use of these trusts outside of these intended purposes.
“HMRC welcomes discussions with interested parties. If you would like to meet with policy officials, please email asres.consult@hmrc.gov.uk.”
The consultation closes at 11:45pm on 25 September 2023.
