Market leading insight for tax experts
View online issue

Interfish Ltd v HMRC

In Interfish Ltd v HMRC (Upper Tribunal – 22 July) a company which carried on business in the fishing industry made substantial sponsorship payments to a rugby club. It claimed that these should be allowed as deductions in computing its profits. HMRC rejected the claims on the grounds that the payments were not wholly and exclusively for the purpose of the company’s business but were partly made because the company’s controlling director was very keen on rugby and wanted to strengthen the club. The First-tier Tribunal dismissed the company’s appeal against this decision finding that the payments had been made with a dual purpose and the Upper Tribunal upheld this decision as one of fact. Birss J held that Judge Paines had been entitled to find that the company had a dual purpose in making the payments.

Read the decision

Why it matters: Where...

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:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
Top