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The government announced on 27 April 2023 that it will publish a consultation later this year on the use and effectiveness of the employee ownership trust (EOT) tax regime.
The government announced on 27 April 2023 that it will publish a
consultation later this year on the use and effectiveness of the
employee ownership trust (EOT) tax regime. This is to ensure that
the reliefs are targeted closely at incentivising EOTs as an
employee ownership business model while preventing the reliefs from
being used for unintended tax planning.
Given the widespread use of EOTs in the last few years this is
not a surprise; it will be interesting to see what the proposed
changes will be and that they do not stimy the increasing numbers
of genuine employee-controlled companies.
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