Exiting Remuneration Trusts raise a number of issues that need to be addressed. Finding a tax solution (particularly one that is acceptable!) may have become easier for some with HMRC’s new Settlement Terms recently announced.
There is no doubt that tax avoidance evolved over the years. I first came across tax schemes in the 1990’s when there were more “simple” schemes such as investments in platinum sponge and alike. Then they progressed to Employee Benefit Trusts and Remuneration Trusts through which owners of businesses were given interest free loans