Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax | Practical Law

Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax | Practical Law

The Special Commissioners have decided in principle an appeal by Sempra Metals Limited concerning:

Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax

by PLC Share Schemes & Incentives
Published on 31 Jul 2008 • England, United Kingdom, Wales
The Special Commissioners have decided in principle an appeal by Sempra Metals Limited concerning:
(1) corporation tax deductions; and
(2) PAYE and national insurance contributions (NICs) liabilities,
in respect of bonuses paid into offshore trusts set up to benefit employees or members of employees' families.