The Court of Appeal has dismissed the appeal from Stephen Hoey against discovery assessments totalling £79,581 from HMRC ruling that his income, which was paid to him through a disguised remuneration scheme, was liable for tax.

During the tax years from 6 April 2008 to 5 April 2011, Hoey was an IT specialist who participated in two tax avoidance schemes, Penfolds and Hamilton, where he received loans from offshore employee benefit trusts (EBTs).