Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax | Practical Law
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The Special Commissioners have decided in principle an appeal by Sempra Metals Limited concerning:
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Special Commissioners' decision: Bonuses paid to EBTs were not subject to PAYE or NICs, but also not deductible for corporation tax
Practical Law UK Legal Update 5-382-8759
(Approx. 4 pages)
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
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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.