Cyclops Electronics Ltd and Graceland Fixing Ltd v The Commissioners for HM Revenue and Customs:[2018] UKUT 0007 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Marcus Smith and Judge Herrington on 17 January 2018.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 17 January 2018

• Category: Tax
• Release date: 17 January 2018

Read the full decision in Cyclops Electronics Ltd and Graceland Fixing Ltd v The Commissioners for HM Revenue and Customs:[2018] UKUT 0007 (TCC).

INCOME TAX, NATIONAL INSURANCE CONTRIBUTIONS – award of bonuses in the form of loan notes – whether those loan notes were restricted securities for the purposes of Part 7 ITEPA – whether employees to be treated as receiving cash.

Published 17 January 2018