17 June 2013

FTT Decision: Phair v HMRC

INCOME TAX – self assessment return – appeal against closure notice with amendments – whether employment- related security option – yes – whether Income Tax (Earnings and Pensions) Act 2003 Part 7 Chapter 5 applies to employer’s scheme – yes – whether there was a deductible amount for consideration – no – appeal dismissed – Tribunal procedure – costs under complex track – no “opt out” received from representative- whether appellant potentially liable for HMRC’s costs – yes. 

Richard Vallat acted for HMRC.

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