An endorsement of the Supreme Court approach
A recent First Tier Tax Tribunal decision has clearly followed the approach of the Supreme Court in UBS AG and DB Group Services (UK) Limited v HMRC  UKSC 13.
The facts of the case itself are of no consequence to those of us with an interest in the share schemes arena. However, the decision in Clavis Liberty 1 LLP v HMRC  UKFTT 0253 is undoubtedly of interest due to the approach of the tribunal to the construction of legislative provisions.
In the view of the tribunal, the “authoritative comments” of the Supreme Court in the UBS case were of general application to the construction of tax legislation (and were definitely on point in deciding the case in question).
Clearly the judiciary are “hardening their line” where they perceive tax avoidance to have taken place in the context of statutory interpretation.