Sloane Robinson Investment Services Ltd v Revenue and Customs: FTTTx 16 Jul 2012

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:

Bailii

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:

ApprovedRFC 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