Where you have taken advantage of a tax scheme to receive virtually tax-free loans or assets through employee benefit trust (EBT) in place of taxed salary, you may find the supplier of this scheme suddenly backs-out. This is because new a tax charge on disguised remuneration is coming into effect in April 2011. In addition, loans made or assets provided since 9 December 2010 may be caught by the new tax charge. Speak to us to sort out any tax pickle you find yourself in.

Draft legislation and notes on ‘disguised remuneration’

http://www.hm-treasury.gov.uk/d/disguised_remuneration.pdf