Sam Chandler successfully appears for HMRC in Andrew v HMRC  UKFTT 177
Sam Chandler has successfully appeared for HMRC (with Jonathan Davey QC) in Andrew v HMRC  UKFTT 177. The principal question before the First-Tier Tribunal was whether the participation by Mr Andrew in a tax avoidance scheme involving certain transactions in gilt strips gave rise to a loss within the meaning of Paragraph 14A Schedule 13 of the Finance Act 1996, so as to entitle him to income tax relief. The First-Tier Tribunal found that Mr Andrew had sustained a loss of just £3,805, instead of the £1.8 million claimed. A copy of the judgment can be found here.