SCIT INCENTIVE PAYMENTS – Online PAYE returns – Whether return required by PAYE regulations – Whether Appellant companies formed for an impermissible purpose – 500 companies formed all with the same director – None had trades or businesses – andpound;1 less 22p tax recorded as directors’ remuneration for each company – Appeal against decision not to make incentive payments – Income Tax (Incentive Payments for Voluntary Electronic Communication of PAYE Returns) Regs 2003 (SI 2003/2494) and SI 2005/826 – Appeals dismissed.
[2008] UKSPC SPC00706
Bailii
England and Wales
Income Tax
Updated: 11 November 2021; Ref: scu.276351