CORPORATION TAX, INCOME TAX AND NICs – payments to a remuneration trust and loans to director of the Appellant – whether contributions to trust made wholly and exclusively for the purposes of the Appellant’s trade – whether HMRC made a discovery – whether amounts lent to director were taxable under Part 7A ITEPA 2003 or as earnings – held that discovery assessments were validly issued, contributions to trust were not deductible and amounts loaned were not earnings but were taxable under Part 7A – appeal dismissed
Citations:
[2021] UKFTT 474 (TC)
Links:
Jurisdiction:
England and Wales
Taxes – Other, Corporation Tax
Updated: 27 March 2022; Ref: scu.671554