Successful times for HMRC
HMRC have had a good run in the courts recently winning two important victories.
The Supreme Court ruled that the share awards made to UBS/Deutsche Bank staff should be subject to income tax on their value on acquisition.
Meanwhile the First Tier Tribunal ruled in HMRC’s favour in its dispute with Stagecoach. In outline the company had undertaken some planning to create a tax deduction on a loan but the Tribunal found that no relief could be claimed.
As both of these appear to involve structured planning it is likely that HMRC will now be looking at other uses of the arrangements.
Date: 7th April, 2016
Articles from this Author
1st November, 2018
Budget 2018 - Changes for businesses
22nd October, 2018
Making the most out of your home? Rent a room relief
3rd May, 2018
Tax changes for non-resident corporate landlords
4th April, 2018
EMI options - a current risk
Contact Business Service Partners
Choose from the drop down menu below to select a Partner to contact.
For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole