Read the full decision in
Corporation Tax: (1) Sch 24 FA 2003 – whether the deduction which would arise
under a scheme which included a transfer of value occasioned by the grant of an
option was “in respect of” an employee benefit contribution; (ii) section 74 TA 88:
whether expense of contributions under the scheme was wholly and exclusively for
the trade – had the FTT treated an incidental effect as a purpose.
Published 1 December 2016