05 May 2020
Chalcot v HMRC; (ChD)
Chalcot Training Ltd v (1) Ralph (2) HMRC; Chalcot Training Ltd v (1) Stoneman (2) HMRC [2020] EWHC 1054 (Ch) (Michael Green QC sitting as a Deputy Judge of the Chancery Division) 5th May 2020
The claimants in each case wished to set aside payments made under a scheme to pay tax-free remuneration on the basis that they involved the payment of disguised unlawful dividends and/or the issue of shares at a discount or for commission. The High Court dismissed the claims.
Richard Vallat QC leading Jack Rivett of Erskine Chambers for HMRC.
Judgment can be viewed here.
This content is provided free of charge for information purposes only. It does not constitute legal advice and should not be relied on as such. No responsibility for the accuracy and/or correctness of the information and commentary set out in the article, or for any consequences of relying on it, is assumed or accepted by any member of PCTC or by PCTC as a whole.
