Guidance

GAAR Advisory Panel opinion of 18 July 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
  • obligations to Employee Benefit Trust taken on by employees

They affect Income Tax, National Insurance contributions and amounts chargeable as 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
Published 3 August 2017