FTT finds that shares issued by the appellant were employment-related securities and their disposal for more than market value gave rise to income tax and NICs (Coopervision Lens Care Ltd v HMRC)
Tax analysis: In Coopervision Lens Care Ltd v HMRC, the First-tier Tax Tribunal (FTT) held that the appellant should have accounted for income tax and National Insurance contributions (NICs) in respect of payments made to certain shareholders for the sale of their shares in the appellant, to the extent the payments exceeded the market value of those shares. It also held that HMRC’s PAYE determination was validly issued because the extended six-year time limit for making the determination applied.