Guidance

GAAR Advisory Panel opinion of 10 November 2017: employee rewards using gold bullion

Use the General Anti-Abuse Rule Advisory Panel opinion on employee rewards provided as gold bullion to help you recognise abusive tax arrangements.

Documents

Details

Use these opinions together with the General Anti-Abuse Rule (GAAR) guidance to help you recognise abusive tax arrangements.

The opinions cover:

  • rewards for employees
  • rewards of gold or assets
  • obligation to Employee Benefit Trust taken on by employee

They affect Income Tax, National Insurance contributions and Corporation Tax.

The GAAR Advisory Panel’s opinion is:

  • entering into the tax arrangements isn’t a reasonable course of action in relation to the relevant tax provisions
  • carrying out of the tax arrangements isn’t a reasonable course of action in relation to the relevant tax provisions

Updates to this page

Published 11 December 2017

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