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Upper Tribunal upholds FTT decision to allow deductions against trading profits in EBT case (HM Revenue and Customs v NCL Investments Ltd & Smith and Williamson Corporate Services Ltd [2019] UKUT 111 (TCC))

Upper Tribunal upholds FTT decision to allow deductions against trading profits in EBT case (HM Revenue and Customs v NCL Investments Ltd & Smith and Williamson Corporate Services Ltd [2019] UKUT 111 (TCC))
Published on: 10 April 2019
Published by: LexisPSL
  • Upper Tribunal upholds FTT decision to allow deductions against trading profits in EBT case (HM Revenue and Customs v NCL Investments Ltd & Smith and Williamson Corporate Services Ltd [2019] UKUT 111 (TCC))
  • What are the practical implications of this case?
  • What was the background?
  • What did the court decide?
  • Case details

Article summary

Share Incentives analysis: The Upper Tribunal (UT) has upheld the decision of the First Tier Tribunal (FTT) that accounting debits relating to the grant of share options to employees were a deductible expense for corporation tax purposes. or take a trial to read the full analysis.

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