A GBP1.237-million payment made to an employee under his employer’s long-term incentive plan was taxable as employment income even though it was paid after he had permanently left both the company and the UK, the Upper Tax Tribunal has ruled. It found that it did not matter that the employment was not held when the...
Trust must pay exit tax despite UK law’s EU-incompatible provisions. The Upper Tax Tribunal upheld the decision requiring a trust that moved from the UK to Cyprus in 2004 to pay an exit tax on its assets, despite UK capital gains tax (CGT) law at the time conflicting with European Union (EU) law. The tribunal...
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.
