Government should focus its compliance efforts on those who created, enabled and profited from EBTs - IPSE
Andy Chamberlain, Deputy Director of Policy
| IPSE
IPSE have responded to Stephen Lloyd MP.
IPSE has long advised its members against using EBT schemes, but the government’s approach to this issue is clearly causing serious distress for many taxpayers and their families. In many cases, the repayment demands are substantial, and connected to arrangements that were made several years ago on the advice of barristers and unscrupulous scheme providers.
Government should focus its compliance efforts on those who created, enabled and profited from EBTs and adopt a more reasonable approach to individuals who have been put under tremendous personal strain from the retrospective loan charge.
