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...
About Nick Huber
I’m a specialist business journalist and have a particular interest in tax and technology.