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First-tier Tribunal (Tax)
You are here: BAILII >> Databases >> First-tier Tribunal (Tax) >> CIA INSURANCE SERVICES LTD v Revenue & Customs (CORPORATION TAX, INCOME TAX and NICs - Appellant resolved to make contributions to a remuneration trustr) [2022] UKFTT 144 (TC) (04 May 2022)
URL: http://www.bailii.org/uk/cases/UKFTT/TC/2022/TC08475.html
Cite as: [2022] UKFTT 144 (TC)
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| Decision Number: | TC 08475 |
| Appellant: | CIA INSURANCE SERVICES LTD |
| Respondent: | Her Majesty's Revenue & Customs |
|
Chairmen / Special Commissioners: |
Jeanette Zaman |
| Date Of Decision: | 04/05/2022 |
| Main Category: | PROCEDURE |
| Main Subcategory: | Other |
| Notes: | CORPORATION TAX, INCOME TAX and NICs - Appellant resolved to make contributions to a remuneration trust - whether expenses incurred wholly and exclusively for the purposes of the Appellant's trade - whether contributions were taxable as diverted remuneration - whether payments made to individuals who were both indirect shareholders and employees of Appellant were within Part 7A ITEPA 2003 - held - expenses not deductible -“Part 7A applies and the payments are earnings with the exception of one contribution |