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.
Please click here for the full decision.
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.