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Jun 11, 2013 · His companies, Scotts Atlantic Management and Scotts Film Management, paid these profits into trusts. The Revenue challenged the scheme and said its win at the tribunal would result in a £2.4m...
Jun 11, 2013 · HM Revenue and Customs (HMRC) challenged tax deductions of almost £9 million which Mr Dryburgh’s companies, Scotts Atlantic Management Ltd and Scotts Film Management Ltd, paid into Employee...
Read the full decision in Scotts Atlantic Management Limited and Others v The Commissioners for HM Revenue and Customs: [2015] UKUT 0066 (TCC).
May 13, 2013 · Andrew Thornhill QC & Edward Waldegrave, instructed by Scotts Atlantic Management Ltd, acted for the Appellants. James Sheehan, counsel, on behalf of Mr. Dryburgh’s trustee in bankruptcy, Richard Coleman QC, James McClelland and David Yates, Counsel for the Respondents.
Oct 1, 2017 · In the Scotts Atlantic case (Scotts Atlantic Management Ltd v HMRC [2015] UKFTT 0066 (TCC)) two associated companies used a scheme to transfer value to employee benefit trusts (EBTs). The beneficiaries of the EBTs were the common employees and directors of the two companies.
May 13, 2013 · In 2000, an individual ("Mr D") set up various companies ("Scotts"). By 2003 to 2004, there were several active Scotts companies, including the two taxpayer companies ("SA" and "FM"). Mr D and another individual each owned 50 per cent of an LLP, which owned SA and FM.
Feb 13, 2015 · David Yates KC. Corporation Tax: (1) Sch 24 FA 2003 – whether the deduction 5 which would arise under a scheme which included a transfer of value occasioned by the grant of an option was “in respect of” an employee benefit contribution; (ii) section 74 TA 88: whether expense of contributions under the scheme was wholly and exclusively for ...
