UKFTT 180 (2010) Bimson v Revenue & Customs

Payment on resignation as subpostmaster - HMRC won

Case Summary:

Mr Bimson’s company was paid £77K compensation for loss of his office from the Post Office when he agreed to close his sub Post Office. Payments of Post Office remuneration to companies was quite common but it was HMRC’s view that it was personal to him and properly assessable as employment income. He did not return it as income. It was decided the compensation was taxable on him subject to the £30K exemption under s403 ITEPA 2003.