22 January 2018
UT Decision: Cyclops Electronics Ltd/Graceland Fixing Ltd v HMRC
INCOME TAX, NATIONAL INSURANCE CONTRIBUTIONS – award of bonuses in the form of loan notes – whether those loan notes were restricted securities for the purposes of Part 7 ITEPA – whether employees to be treated as receiving cash
Malcolm Gammie, Q.C. and Laura Poots, instructed by the General Counsel and Solicitor to HM Revenue and Customs, for the Respondents.
To see the approved Decision, click here.