McCashin v Revenue and Customs Commissioners

Income tax – Pension. On the basis that there had been unauthorised payments which had amounted to almost the full value of the pension scheme at issue and because those payments had been in respect of the taxpayer, there had been a loss of tax for the purposes of the Taxes Management Act 1970. Consequently, the First-tier Tribunal (Tax Chamber) upheld the Revenue and Customs Commissioners' decision, pursuant to ss 208 and 209 of the Finance Act 2004, to impose an unauthorised payment charge and an unauthorised payment surcharge on the taxpayer.

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