On 31 July the latest HMRC Settlement Opportunity came to a close.  This opportunity gave employers who used an EBT before 6 April 2011 the ability to settle any PAYE and national insurance liability at both employer and employee level on more beneficial terms than would usually be available.  The settlement window meant the employer must have notified HMRC of their intention to settle by 31 March 2015, with agreement being reached by 31 July 2015 and all liabilities settled within an agreed timeframe.

If an employer did not take advantage of the Settlement Opportunity they can still settle by agreement with HMRC.&...