INCOME TAX – pensions – unauthorised payment charge – whether price paid by scheme in excess of arm’s length – yes – whether just and reasonable to discharge surcharge – no – whether distributions made – yes – whether trading status of LLP established by withdrawal of LLP appeal – yes – whether LLP trading with view to profit in alternative – no – appeal dismissed subject to amendment requested by Respondents
Citations:
[2022] UKFTT 238 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 14 September 2022; Ref: scu.680657