TaxCorporate TaxAberdeen Asset Management revisits £8m tax battle

Aberdeen Asset Management revisits £8m tax battle

Fund manager takes tax battle to appeal court

A TAX APPEAL in October will see FTSE 250 fund manager Aberdeen Asset Management attempt to overturn an earlier tribunal decision that has seen it pay up £8m to the taxman.

The case relates to bonuses paid to directors between 2000 and 2003 through discounted share options, reports The Daily Telegraph.

The tax payout has been scaled back fro the original figure of £10m.

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