Tax tribunal stops director bonus scheme

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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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17th Mar 2015 15:57

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