header-logo header-logo

Income tax

08 September 2017
Issue: 7760 / Categories: Case law , Law digest , In Court
printer mail-detail

Eden Consulting Services (Richmond) Ltd v Revenue and Customs Commissioners [2017] UKFTT 596 (TC), [2017] All ER (D) 38 (Aug)

The two loans made to the taxpayer company by an occupational pension scheme, of which the taxpayer had been the principal employer, had not complied with the conditions set out in s 179 of the Finance Act 2004 in order to be treated as authorised employer loans.

Accordingly, they gave rise to unauthorised payments and charges under ss 208 and 209 of the Act. The First-tier Tribunal (Tax Chamber) so held in dismissing the taxpayer’s appeal against the notices of assessment issued against it by the Revenue and Customs Commissioners in respect of those unauthorised payments.

 

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Excello Law—five appointments

Excello Law—five appointments

Fee-share firm expands across key practice areas with senior appointments

Irwin Mitchell—Grace Morahan

Irwin Mitchell—Grace Morahan

International divorce team welcomes new hire

Switalskis—14 trainee solicitors

Switalskis—14 trainee solicitors

Firm welcomes largest training cohort in its history

NEWS
The Supreme Court issued a landmark judgment in July that overturned the convictions of Tom Hayes and Carlo Palombo, once poster boys of the Libor and Euribor scandal. In NLJ this week, Neil Swift of Peters & Peters considers what the ruling means for financial law enforcement
Small law firms want to embrace technology but feel lost in a maze of jargon, costs and compliance fears, writes Aisling O’Connell of the Solicitors Regulation Authority in this week's NLJ
Charlie Mercer and Astrid Gillam of Stewarts crunch the numbers on civil fraud claims in the English courts, in this week's NLJ. New data shows civil fraud claims rising steadily since 2014, with the King’s Bench Division overtaking the Commercial Court as the forum of choice for lower-value disputes
Charles Pigott of Mills & Reeve reports on Haynes v Thomson, the first judicial application of the Supreme Court’s For Women Scotland ruling in a discrimination claim, in this week's NLJ
Artificial intelligence may be revolutionising the law, but its misuse could wreck cases and careers, warns Clare Arthurs of Penningtons Manches Cooper in this week's NLJ
back-to-top-scroll