Summary
The sole director (but non-shareholder) of a company was held to be liable to income tax and National Insurance contributions (NICs) on certain amounts received from the company.
Background
The taxpayer was the sole director, but not a shareholder, of F Ltd. His self-assessment return for 2007/08 showed employment income from the company of £300,000, and tax deducted of £111,414.40. F Ltd traded profitably until 2007 when it ran into difficulties
