The important of engagements
In a recent tax case, Doran Bros v HMRC, the First Tier Tribunal, found that advice given to a business on how to reduce its tax and NICs liabilities in rewarding its employee was given for the purpose of the business - regardless of the fact that it also benefited its employees. In this instance, HMRC had been (heavily) influenced by the fact that the business was a one-man company but that was held to be irrelevant.
It is important that businesses ensure that any advice obtained for its benefit (even if it also benefits the employees) is clearly worded to that effect.
Date: 3rd February, 2017
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