In Gray's Timber Products Ltd v HMRC Lord Walker noted with surprise that neither side had referred in argument to Russell v Northern Bank Development Corporation Ltd where the HL had held that a provision in a shareholders' agreement excluding or restricting the company's statutory power to amend its articles was a nullity. This case had been discussed in Nigel Doran's article in Tax Journal about the Commissioner's decision. Counsel who intend taking a case to the courts should include Tax Journal articles in their research!
Personal Tax
Employment income
In Gray's Timber Products Ltd v HMRC...
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In Gray's Timber Products Ltd v HMRC Lord Walker noted with surprise that neither side had referred in argument to Russell v Northern Bank Development Corporation Ltd where the HL had held that a provision in a shareholders' agreement excluding or restricting the company's statutory power to amend its articles was a nullity. This case had been discussed in Nigel Doran's article in Tax Journal about the Commissioner's decision. Counsel who intend taking a case to the courts should include Tax Journal articles in their research!
Personal Tax
Employment income
In Gray's Timber Products Ltd v HMRC...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
