UBS AG and DB Group Services (UK) Limited v The Commissioners for HM Revenue and Customs: [2012] UKUT 320 (TCC)

Upper Tribunal Tax & Chancery decision of Mr Justice Henderson and Judge Hellier on 17 September 2012.

Read the full decision in UBS AG and DB Group Services (UK) Limited v The Commissioners for HM Revenue and Customs: [2012] UKUT 320 (TCC).

Income Tax and NICs: scheme to deliver bonuses in form of shares avoiding income tax and NIC. S18(1) ITEPA Rule 2– whether employee became “entitled to payment” when amount of bonus determined. Ch 2 Part 7 ITEPA – whether shares were “restricted securities” within s 423(2)(c) – s 429 whether shares were in associated company: s416 control at general meeting level – sham: whether exculpatory provision in Articles a sham. Ramsay- whether on a broad Ramsay approach the scheme was outside Ch 2.

Help us improve GOV.UK

Don’t include personal or financial information like your National Insurance number or credit card details.