Broad Ramsay Principle and PAYE

The First Tier Tax Tribunal recently applied the broad Ramsey principle to strike down a PAYE avoidance scheme. The Tower Radio [2013] UKFTT 387 (TC) case involved bonuses paid through companies set up for the purpose then liquidated. The Tribunal also applied the maxim of “The ultimate question is whether the relevant statutory provisions, construed purposively, were intended to apply to the transaction, viewed realistically.”

Eamon McNicholas
Tax Barrister, Accountant

Advertisements

About Eamon McNicholas

Tax Barrister, Accountant www.EamonMcNicholas.com
This entry was posted in Tax and Accounting News and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s