uk iconUK

HMRC wins GAAR ruling on employee shareholder share abuse

The GAAR advisory panel has issued a ruling clamping down on a scheme involving the extraction of cash or value from a company by its directors and shareholders using employee shareholder shares.

HMRC wins GAAR ruling on employee shareholder share abuse
smsfadviser logo

The decision supports HMRC’s view that such tax arrangements are not a reasonable course of action and are judged to be abusive.

Read more at Accountancy Daily

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox