London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552
"We understand our clients'
needs and offer practical solutions"

Tax avoidance – success at least for now

Date: 5th November, 2012   |   Author: Cathy Corns   |   Comments: 0

The Upper Tier tribunal held that “bonuses” paid by UBS into an offshore tax avoidance scheme were not chargeable to income tax, overturning an earlier court ruling.

HMRC has expressed disappointment that the court did not fully support its arguments and is considering whether or not to appeal against the decision.

HMRC has a strong record of success in litigating against tax avoidance. This decision is one of a (welcome) minority.

It is reassuring that, even in today’s climate, the courts are taking a proper review of legislation.


Discussion and Comments


Please enter the word you see in the image below:

Notify me of follow-up comments?

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

Click here to follow us on LinkedIn