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Removing the disguise
KEY POINTS
- The contentious nature of recent provisions relating to employment income provided through third parties.
- Decisions in recent cases dismissed claims that employees should be subject to PAYE and National Insurance on employment benefit trusts.
- Failure to repay loans by April 2019 will result in a liability.
- The retrospection principle was acknowledged but not discussed in committee stage.
- The government’s protocol states that retrospective changes should be ‘wholly exceptional’.
- Will there be a legal challenge to the latest provisions?
Like many a good read Finance (No 2) Act 2017 which recently received royal assent contains some interesting plotlines. Those so curious to look (tinyurl.com/ycfjbr2h) will require genuine stamina and a flask of strong coffee to navigate their way through a document that is...
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