Self Employed Benefit Trust (SEBT)

[avgjoe]

Thanks for all the input - it's been very valuable!

[LisaContractorUmbrella]

The difference between and SEBT and and EBT is that one has an S at the front and the other one doesn't

HTH

[Sockpuppet]

1. How soon with HMRC clamp down on SEBT's

The fact your asking this sort of says the following to me.

"Hey look, I know these SEBTs are dodgy as **** but how long can I take the piss for and not get caught by HMRC.".

[BlasterBates]

Go with a benefit trust expect a COP8 enquiry from HMRC's special investigations team. That is not something that may happen, it definitely will. Are you prepared to face up to HMRC's specialist investigators?

Specialist Investigations, Code of Practice 8, COP 8

[malvolio]

Perhaps you should read this article - Press watch:. If Tenon don't want to play any more, why would anyone? And, just as an aside, how do you intend getting work through an agency as a genuinely Self Employed person?

Someone did the sums recently. Super whizzy EBT vs totally legit and dead boring LtdCo. All things considered the net take home was damn nigh the same, except one option means you sleep at night.

[cojak]

And just putting an 'S' in front of EBT doesn't make it any more legit.

[northernladuk]

The fact it has EBT in it at all is enough for me.....

[avgjoe]

All they're saying is that their solution is legit and above board. At the same time I've got another company warning about EBT's (which is fine). Both want the business, so niether are giving an objective overview...

Why didn't you ask them these questions?

[TheFaQQer]

Why didn't you ask them these questions?

[avgjoe]

Hi there

Thanks to all who contribute to a great forum. Am a new contractor and I've been warned off going with anyone who uses EBT.

Last week I was called by Helix who offer an attractive package but claim it's using SEBT. They also claim that its nothing like EBT, but I can't seem to get much info on SEBT. I've tried Googling self employed benefit trust with little luck, so just looking for some advice from the pro's here. I'll keep it short & simple:

1. How do EBT's & SEBT's differ?
2. How soon with HMRC clamp down on SEBT's

Thanks in advance