Legal News

Fuelling a victory—lease of cars on arm’s length terms not a taxable benefit

Published on: 11 April 2016
Published by: LexisPSL
  • Fuelling a victory—lease of cars on arm’s length terms not a taxable benefit
  • Original news
  • What were the facts of this case?
  • What did the Court of Appeal decide?
  • How was the Upper Tribunal’s (UT) decision on the ‘fair bargains’ exclusion from income tax dealt with by Richards LJ?
  • Where does this decision, and in particular the importance and interpretation of the word ‘benefit’, leave the benefits code?
  • How, if at all, is the government’s announcement at Budget 2016 that ITEPA 2003 will be amended to clarify that ‘fair bargain’ does not apply to benefits chargeable to income tax within ITEPA 2003, Pt 3, Ch 10, be impacted by this decision?
  • What can practitioners learn from this case?

Article summary

Tax analysis: Rory Mullan and Oliver Marre, barristers at Old Square Tax Chambers, who represented the successful taxpayers, examine the implications of the Court of Appeal’s decision in Revenue and Customs Commissioners v Apollo Fuels Ltd in terms of tax liability for the lease of cars. or take a trial to read the full analysis.

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