FTT : HMRC v Root2 & Root – Tax Avoidance Scheme

Tribunal ref: TC/2016/03247
INCOME TAX — disclosure of tax avoidance schemes — application for order that arrangements notifiable or to be treated as notifiable — FA 2004 ss 314A and 306A — spread bet and hedge entered into simultaneously by employee — hedge later novated to employer or EBT — whether ‘standardised arrangements’ — yes — whether ‘tax advantage’ — yes — arrangements notifiable — in the alternative, to be treated as notifiable

See AccountingWeb for summary
All bets are off: HMRC scuppers innovative avoidance scheme