HMRC ditches appeal over lifetime allowance breach

James Phillips
clock • 1 min read

Accidental breaches of lifetime allowance fixed protections could no longer result in onerous tax bills after HM Revenue and Customs (HMRC) dropped its appeal of a landmark case.

The tax office has confirmed it will not seek a re-run of the case where the Upper Tribunal ruled Gary Hymanson had mistakenly breached his £1.8m lifetime allowance fixed protection after failing t...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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