Employee Benefit Trusts

To ask the Chancellor of the Exchequer pursuant to the answer of 5 January 2010, Official Report, column 161W, on employee benefit trusts, what the evidential basis is for HM Revenue and Customs' experience that employee benefit trusts with only one beneficiary are very uncommon. (316953)

In HMRC's experience, most companies that use employee benefit trusts (EBT) have more than one employee. This is because an EBT for only one employee would be ineffective for inheritance tax planning purposes.