A payment made out of a pension scheme which had subsequently been found unlawful and ordered to be repaid, was not a taxable payment as such. The payment had been made in good faith and on advice.
Citations:
Times 13-May-1999, [1999] EWHC Admin 219
Links:
Statutes:
Income and Corporation Taxes Act 1988 601
Jurisdiction:
England and Wales
Corporation Tax, Financial Services
Updated: 06 August 2022; Ref: scu.81384