HMRC Proposes EFRBS Settlement by 31 December
HMRC has proposed the EFRBS Settlement offering employers a direct opportunity to settle the tax arising on Employer Financed Retirement Benefit Schemes (EFRBS).
HMRC recently announced this settlement opportunity by writing to affected customers giving them the chance to settle open enquiries without the need to engage in time consuming litigation – an offer, HMRC claim, intended to minimise costs to both customers, and themselves.
Under the terms of the settlement offer, you have until 31 December 2013 to consider the options put forward by HMRC and register your interest in any one of them (registering interest at this stage won't commit you to settling).
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