Guidance
GAAR Advisory Panel opinion of 9 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
- 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 11 December 2017