FTTTx Employees’ bonus payments – whether entitlement to cash or to shares – s 18 and 686 and Part 7 of ITEPA 2003 – s 42 of Companies Act 1985 – tax avoidance scheme – purposive interpretation of statutes – Ramsay and PA Holdings considered – appeal dismissed
Judges:
Malachy Cornwell-Kelly TJ
Citations:
[2012] UKFTT 451 (TC), [2012] SFTD 1181
Links:
Statutes:
Companies Act 1985 42, Income Tax (Pay As You Earn) Regulations 2003 80, Income Tax (Earnings and Pensions) Act 2003
Jurisdiction:
England and Wales
Cited by:
Approved – RFC 2012 Plc (Formerly The Rangers Football Club Plc) v Advocate General for Scotland SC 5-Jul-2017
The Court was asked whether an employee’s remuneration is taxable as his or her emoluments or earnings when it is paid to a third party in circumstances in which the employee had no prior entitlement to receive it himself or herself.
Held: The . .
Lists of cited by and citing cases may be incomplete.
Income Tax
Updated: 18 August 2022; Ref: scu.466059