Employment Benefit Trusts

also referred to as EBTs or Off-shore Loan Schemes

If you’re a contractor using an EBT to receive your UK income we strongly recommend that you consider your options immediately due to a recent court case won by HMRC against an EBT, and summarised by KPMG.

Because of this ruling we believe that use of an EBT is no longer an option for contractors. We do not now and have never offered an EBT for contractors – so existing Churchill Knight & Associates clients are not at any risk. We do not believe that this judgement affects our clients in any way.

If you were using an EBT Umbrella Company, then you should immediately consider your options. We offer a tailored accounting service for contractors, designed to minimise hassle and maximise your take home pay. If you’d like to tell us what your current circumstances are, we can give you a personalised assessment of your options and the likely impact on your take home pay within a few hours.

Our specialist accounting services for freelance contractors are designed to save you as much tax as legally possible. The services that we can supply you, subject to your requirements, will all meet the criteria below;

  • No off-shore ‘tax avoidance schemes’; UK based services only
  • Either limited company or umbrella company services
  • No set up or closedown fees and no minimum contract period
  • Unlimited advice for contractors by specialist consultants and accountants covering many different technical aspects

Please call
01707 871610

now for a free consultation.

What Churchill Knight & Associates Ltd can do for you!

  • Advise you how to take home as much as legally possible
  • FREE to set up your limited company
  • No minimum contract or closing down fee
  • A bespoke service tailored to YOUR requirements
  • Full administrative support where and when you require
  • Unlimited specialist advice from real people in the UK at no extra cost
  • Instant access to your take home pay figure by SMS and email
  • Fully HMRC compliant
  • We process your expenses free of charge
  • Competitive monthly fees
  • A highly specialised accountant who understands contractors

Existing Churchill Knight & Associates Clients

We don’t use an EBT and we’ve never offered an EBT (always has been too risky, in our view) – so you are at no risk from this judgement. We keep a close eye on HMRC cases and pending legislation, to make sure that you’re always in full compliance. Check out our blog about EBTs if you’d like to know more about them.

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