Barclays Bank Plc & Anor v HM Revenue & Customs - taxability of benefits to ex-employees - Court of Appeal 11.5.07

Before 1998, Barclays Bank plc provided some of its pensioners free assistance in preparing their annual tax returns. In 1997 Barclays decided to terminate this benefit and made special one-off cash payments to compensate pensioners concerned. The issue on the appeal was whether those payments were taxable as a " relevant benefit" provided under a "retirement benefits scheme" by virtue of Income and Corporation Taxes Act 1988 s.596A. A special commissioner held that they were not. HMRC's appeal has beenupheld by the Court of Appeal.

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