Legal
HMRC toughens position on use of offshore trusts to avoid tax
The decisions in Hyrax Resourcing Limited and Curzon Capital at the First Tier Tribunal (FTT) involved the use of disguised remuneration to avoid payment of income tax and national insurance contributions (NICs) through the use of offshore trusts. HMRC has issued a spotlight notice 52 stressing that abuse of NICs…
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