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 with the club of taxpayer’s benefaction – dual purpose of benefiting sports club and taxpayer’s trade – payments not deductible – Income and Corporation Taxes Act 1988, s 74 – appeal dismissed
Judges:
Birss J
Citations:
[2013] UKUT 336 (TCC)
Links:
Statutes:
Income and Corporation Taxes Act 1988 74
Jurisdiction:
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 . .
Appeal from – 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 . .
Cited by:
Appeal from – Interfish Ltd v HM Revenue and Customs CA 27-Jun-2014
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 . .
Lists of cited by and citing cases may be incomplete.
Corporation Tax
Updated: 27 March 2022; Ref: scu.521003
