Court rules payments via employee benefit trusts are taxable income, with implications for many other tax avoidance cases
Companies that paid staff via “contrived” employee benefit trusts have been urged to come forward, after HM Revenue & Customs scored a landmark victory in a tax avoidance case against the former incarnation of Rangers football club.
Experts warned there were likely to be “dramatic” consequences for businesses that used the elaborate schemes, after a unanimous verdict handed down by five supreme court judges.