FTTTx Corporation tax – whether value contributed to Employee Benefit Trusts was deductible for corporation tax purposes – whether director was chargeable to income tax on benefits made available to him – if there was a PAYE liability on the companies, whether that could be traced to the director under Regulation 72 – whether the corporation tax deduction (if allowable on general principles) was denied by paragraph 1 Schedule 24 FA 2003 in the event that the benefits were not taxable as emoluments or earnings of the director – Corporation tax appeal dismissed – Income tax appeal allowed
[2013] UKFTT 299 (TC)
Bailii
Corporation Tax
Updated: 17 November 2021; Ref: scu.513460