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Loyalty bonus payments paid by platform service provider were not annual payments (Hargreaves Lansdown v HMRC)

Loyalty bonus payments paid by platform service provider were not annual payments (Hargreaves Lansdown v HMRC)
Published on: 15 March 2018
Published by: LexisPSL
  • Loyalty bonus payments paid by platform service provider were not annual payments (Hargreaves Lansdown v HMRC)
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Payable under a legal obligation
  • Recurrent or capable of recurring
  • Pure income profit
  • Case details

Article summary

Tax analysis: The First-tier Tax Tribunal (FTT) found that certain loyalty bonus payments paid by a platform service provider to investors were not annual payments giving rise to an obligation to withhold income tax as they did not comprise pure income profit. or take a trial to read the full analysis.

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