FTT

FTT grants HMRC’s costs application

No deduction allowable for provisions in respect of an unfunded unapproved retirement benefit scheme, Court of Appeal rules

‘Stock appreciation rights’ were taxable earnings

No recovery of import VAT by non-owners

Purchase of own shares benefited company’s trade 

Application for reinstatement denied

Employee loan scheme appeal failed: P Brown v HMRC [2025] UKFTT 1226 (TC) (10 October) is a case about an employee loan scheme. The FTT struck out the taxpayer’s appeal on the basis that, following Rangers [2017] UKSC 45, the planning that had been...

Closure notice charging fee to corporation tax as a chargeable gain

Undeclared company income: Cheon Fat Ltd v HMRC [2025] UKUT 287 (TCC) (4 July) concerns an application for leave to appeal against a decision of the FTT. It raises an important point of interest to many who advise small companies. Where a company has...