The company sought to set payments it had made to support a local rugby club off against its income for Corporation Tax purposes.
Held: The appeal failed. The requirement was that the expenditure be wholly necessarily and exclusively for the requisite purpose. The mixed purpose here did not suffice.
Lord Dyson MR, Moses, Patten LJJ
[2014] EWCA Civ 876
Bailii
Income and Corporation Taxes Act 1988 74
England and Wales
Citing:
At FTTTx – Interfish Ltd v Revenue and Customs FTTTx 13-May-2010
FTTTx Corporation tax – deductibility of expenditure – sponsorship payments intended to improve fortunes of sports club – expectation of trade benefits principally as a result of recognition by others involved . .
At FTTTx – Interfish Ltd v Revenue and Customs FTTTx 4-Apr-2012
FTTTx Corporation tax – deductibility of expenditure – sponsorship payments intended to improve fortunes of sports club – expectation of trade benefits principally as a result of recognition by others involved . .
Appeal from – Interfish Ltd v HM Revenue and Customs UTTC 16-Jul-2013
UTTC Corporation tax – deductibility of expenditure – sponsorship payments intended to improve fortunes of sports club – expectation of trade benefits principally as a result of recognition by others involved . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 15 December 2021; Ref: scu.533206
