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 with the club of taxpayer’s benefaction – dual purpose of benefitting sports club and taxpayer’s trade – payments not deductible – Income and Corporation Taxes Act 1988, s 74
Judges:
Nicholas Paines QC
Citations:
[2010] UKFTT 219 (TC)
Links:
Statutes:
Income and Corporation Taxes Act 1988 74
Cited by:
See Also – 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 . .
At FTTTx – 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 . .
At FTTTx – 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: 23 August 2022; Ref: scu.422229