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FTT finds no deduction for pensions liability provisions under a UURBS A D Bly Groundworks and Civil Engineering Ltd and CHR Travel Ltd v HMRC)

Published on: 15 December 2021
Published by: LexisPSL
  • FTT finds no deduction for pensions liability provisions under a UURBS A D Bly Groundworks and Civil Engineering Ltd and CHR Travel Ltd v HMRC) 
  • Why it matters
  • Case details

Article summary

Tax analysis: In A D Bly Groundworks and Civil Engineering Ltd and CHR Travel Ltd v HMRC, the First-tier Tribunal (FTT) (Tax) held that the taxpayers were not entitled to a deduction in computing their trading profits for provisions in respect of their liability to make future payments to employees under an unfunded unapproved retirement benefit scheme (UURBS).  or take a trial to read the full analysis.

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