HMRC scores hat-trick of tax avoidance wins

All three rulings uphold earlier judgments in HMRC's favour at the First-Tier Tribunal. The three cases are Steve Price, John Myers and James Lucas v HMRC; Malcolm Healey v HMRC; and Philip Savva, Andrew Savva, Mario Savva, Savva Savva and Kalliopi Pericleous v HMRC. The Upper Tribunal dismissed an appeal brought by users of a scheme promoted by NT Advisors, HMRC's ninth recent win against schemes promoted by NT Advisors. The scheme sought to create artificial losses by using a combination of the employment income and capital gains tax rules on share options. The judges dismisse...