Judge Christopher McNall, Miss Susan Stott FCA CTA
Decision released 23 October 2019
Income tax – Registered Pension Scheme – FA 2004, Pt. 4 – Unauthorised payments – Pensions Liberation Schemes – FA 2004, s. 160 and 208 – Surcharge – FA 2004, s. 268 – Appeal allowed.
The First-tier Tribunal (FTT) allowed an appeal by an individual against HMRCʼs finding that they had received an unauthorised member payment from her pension scheme in respect of a loan on the basis that there was insufficient evidence showing a connection between the loan and her investment in the pension scheme fund.
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