Market leading insight for tax experts
View online issue

Sippchoice and Bayonet Ventures: HMRC’s misguided approach to pension schemes

Speed read

In Sippchoice Ltd, HMRC denied tax relief in respect of in specie contributions to a registered pension scheme, notwithstanding the taxpayer acting in accordance with HMRC’s published guidance. In Bayonet Ventures LLP, HMRC considered that it had the power unilaterally to appoint a scheme administrator of a registered pension scheme, and that a loan from the scheme to an LLP should be properly analysed as a loan to the members of the LLP. Both decisions reflect poorly on HMRC and suggest a rather careless attitude towards litigation.

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.