HMRC Back Taxes Win
Revenue and Customs Commissioners v Barclays Bank plc and another
[2006] EWHC 2118 (Ch)
CH. D.
11 August 2006
Daily Law Notes Summary
Payments to pensioners formerly employed by a bank to compensate
them for the termination of an arrangement to provide them with a
free tax advice service were made “in connection with past
service” and chargeable to income tax as “relevant benefits”
within ss 611 and 612 of the Income and Corporation Taxes Act 1988
and required the bank, as employer, to deduct and account to the
revenue for the tax under the PAYE provisions.