Ballard v Revenue and Customs: FTTTx 31 Jan 2013

FTTTx INCOME TAX – Appeal against assessment to income tax under section 401 ITEPA 2003 – Appellant made redundant by his employer – payment from company profit sharing scheme – was the payment instead a ‘relevant payment’ for purposes of the charge under section 394 ITEPA (taking priority over section 401) – was payment made ‘after the retirement’ of the Appellant and ‘in connection with past service’ – yes – appeal allowed

Citations:

[2013] UKFTT 87 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 14 November 2022; Ref: scu.472284