Source: All England Reporter
Publisher Citation: [2017] All ER (D) 80 (Jul)
Neutral Citation: [2017] UKFTT 533 (TC)
Court: UK First-tier Tribunal (Tax)
Judge:

Judge Anne Scott

Representation Philip Simpson QC (instructed by Henderson Loggie) for the taxpayer.
  Elizabeth Roxburgh (instructed by General Counsel and Solicitor to the Revenue and Customs Commissioners) for the Revenue.
Judgment Dates: 28 June 2017

Catchwords

Income tax - Pension - Unauthorised payment surcharge

The Case

Income tax Pension. The taxpayer company's appeal against the imposition of certain charges on it following income tax assessments issued by the Revenue and Customs Commissioners, in respect of a loan made to the taxpayer from a pension fund, was dismissed by the First-tier Tribunal (Tax Chamber)(the FTT). The FTT held that in the circumstances, the payments comprising the loan did not satisfy the relevant statutory criteria set out in the and the taxpayer had failed to establish that it would not be just and reasonable for it to be liable to those charges.

Practice Areas

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