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ARTICLE · 09 NOVEMBER 2023

Vermilion Holdings Limited v HMRC - Decision From The Supreme Court (Gated)

Macfarlanes LLP
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The Supreme Court has given its ruling in the case of Vermilion Holdings Ltd v HMRC, the first case to go to the Supreme Court on the meaning of the deeming rule in the employment related securities (ERS) rules.

United KingdomEmployment and HR
Mark Baldwin
Mark Baldwin
Nigel Doran
Nigel Doran
The Supreme Court has given its ruling in the case of Vermilion Holdings Ltd v HMRC, the first case to go to the Supreme Court on the meaning of the deeming rule in the employment related securities (ERS) rules. That deeming rule can cause a security acquired by an LLP member to be treated as employment related and so within the ERS rules.

This is member's only content. If you are a member, read our analysis on the decision and its implications for the private funds industry.

To view the full article, click here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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