Tax tribunal stops director bonus scheme | AccountingWEB

Tax tribunal stops director bonus scheme

PAYE and NICs should have been paid on bonuses given to directors through companies which were specially set up just to be liquidated and pay out the cash, a tax tribunal has ruled. 

The decision by the first-tier tribunal (Tower Radio Ltd and Total Property Support Services Ltd v Revenue and Customs, TCO2784) has protected £22m in PAYE and NI, HMRC said.

Tower Radio Ltd and Total Property Support Services Ltd were lead cases at...

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