[2019] UKFTT 0473 (TC)

Judge Anne Scott

Decision released 20 June 2019

Income tax – termination payment or relevant benefit under EFRBS – disability – entire agreement clause -extrinsic evidence- late amendment of grounds of appeal – no -appeal dismissed

The Executors of Ian John Clark (dec’d) [2019] TC 07276


The First-tier Tribunal (FTT) held that a payment was a lump sum and was a commutation of the income based pension which was paid to Mr Clark on his retirement. It was therefore properly taxable as a relevant benefit under an Employment-Financed Retirement Benefits Scheme (EFRBS) under s. 393B(1), ITEPA 2003.

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