Court of Appeal Taxes Pension Benefit
Revenue and Customs Comrs v Barclays Bank plc and another
[2007] EWCA Civ 442
CA
Weekly Law Notes Summary
11 May 2007
Where an employer had provided a free tax advice service to its pensioners and surviving spouses and, on termination of the service, made one-off payments in compensation, the provision of such payments constituted a relevant benefit under a retirement benefits scheme for the purposes of ss 596A and 612(1) of the 1988 Act. The purpose of the definition was to identify the chargeable payments under a retirement benefits scheme.