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Lexis®PSL Tax weekly highlights—12 January 2017

Lexis®PSL Tax weekly highlights—12 January 2017
Published on: 12 January 2017
Published by: LexisPSL
  • Lexis®PSL Tax weekly highlights—12 January 2017
  • In this issue:
  • UT upholds that a loan to a pension saver from an unconnected company was an unauthorised payment
  • UT finds the value of lapsed share options did not reduce taxable income
  • Headlines (News updates & analysis)
  • ESCs: HMRC publishes consultation on four withdrawals
  • VAT: Law Society asks HMRC to clarify VAT imposition for searches
  • HMRC office closure plans: NAO report reveals delay
  • International: OECD consults on BEPS Action 6 and treaty entitlement of non-CIV funds
  • International: Kazakhstan, Côte d’Ivoire and Bermuda join the BEPS framework
  • More...

Article summary

This week’s edition of Tax highlights includes two Upper Tribunal cases: (1) Danvers, where the UT upheld the FTT’s decision that a loan to a pension saver from an unconnected company was an unauthorised payment, and (2) Sjumarken, where the UT found that the value of share options which lapsed on termination of the taxpayer’s employment could not reduce the amount of his taxable income from shares that he acquired pursuant to other securities options. or take a trial to read the full analysis.

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