Asset House Piccadilly (AHP) has lost a fight against HMRC at the First Tier tribunal (FTT) after it tried to dispute HMRC’s application for an order that a remuneration trust scheme was notifiable under the disclosure of tax avoidance scheme (DOTAS) rules.

HMRC barrister Philip Simpson KC of Old Square Tax Chambers argued that AHP was a promoter of high profile ‘types of tax avoidance schemes’.

Asset House Piccadilly describes itself as ‘a provider of business resilience and management services in the UK’.

The corporate remuneration trust scheme allowed directors to extract profits from a company without incurring a charge to income tax, the directors then received a reduced salary and the amount of the reduction was granted in loans via a trust.