Vermilion Holdings Limited v HMRC - decision from the Supreme Court (gated)

03 November 2023

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.

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