A company’s settlement of its tax affairs had to be dealt with in chronological order even though it would be from it’s point of view more tax efficient to have them dealt with in reverse order. No right of choice was given to a taxpayer.
Citations:
Times 12-Oct-1998
Statutes:
Income and Corporation Taxes Act 1988 239(3)
Cited by:
Appeal from – Carr (Inspector of Taxes) v Armpledge Ltd; Same v Fielden and Ashworth Ltd CA 24-May-2000
Where a company sought to claim reliefs going back over different tax years, there was no rule requiring such reliefs to be claimed chronologically, but the company could arrange the claims against the several tax years as they best thought fit. . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 08 April 2022; Ref: scu.78911