Search Results for: Income Tax (Earnings and Pensions) Act 2003 446X(b)

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Grays Timber Products Ltd v HM Revenue and Customs: SCS 13 Feb 2009

The company appealed against a determination by the defendants that when an employee had sold his shares, it had done so at a price over the market value, and in doing so, incurred a charge to income tax. Held: The appeal failed. Citations: [2009] ScotCS CSIH – 11, [2009] STC 889 Links: Bailii Statutes: Income … Continue reading Grays Timber Products Ltd v HM Revenue and Customs: SCS 13 Feb 2009

Grays Timber Products Ltd v Revenue and Customs: SC 3 Feb 2010

An assessment to income tax had been raised after the employee resold shares in the company issued through the employees’ share scheme at a price which the Revenue said was above the share value. The company appealed against a finding that tax was payable. Held: The appeal failed. The Revenue should calculate the price which … Continue reading Grays Timber Products Ltd v Revenue and Customs: SC 3 Feb 2010