Guidance

GAAR Advisory Panel opinion of 7 April 2020: Rewards in the form of loans for employees including contributions to a trust

Use the GAAR Advisory Panel opinion on employee reward arrangements, including contributions to a trust to help you recognise abusive tax arrangements.

From:
HM Revenue & Customs
Published
28 August 2020

Documents

GAAR Advisory Panel opinion of 7 April 2020: Rewards in the form of loans for employees including contributions to a trust - Individuals

PDF, 223 KB, 11 pages

GAAR Advisory Panel opinion of 7 April 2020: Rewards in the form of loans for employees including contributions to a trust - Companies

PDF, 223 KB, 11 pages

Details

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

The opinion covers employee reward arrangements including contributions to a trust, a loan agreement under which the employee loans money to the manager of the trust and loans from the manager of the trust to the employee.

The GAAR Advisory Panel’s opinion is:

  • entering into the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions
  • carrying out the tax arrangements is not a reasonable course of action in relation to the relevant tax provisions

Updates to this page

Published 28 August 2020

Sign up for emails or print this page

Related content