ARTICLE
9 November 2023

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

M
Macfarlanes

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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 Kingdom Employment and HR
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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. 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.

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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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