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 with the club of taxpayer’s benefaction – dual purpose of benefitting sports club and taxpayer’s trade – payments not deductible – direct promotion of taxpayer’s business also obtained – value of that promotion not deductible – Income and Corporation Taxes Act 1988, s 74
Nicholas Paines QC
[2012] UKFTT 599 (TC)
Bailii
Income and Corporation Taxes Act 1988 74
Citing:
See AlsoInterfish 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 . .

Cited by:
Appeal fromInterfish 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 FTTTxInterfish 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 . .

These lists may be incomplete.
Updated: 23 April 2021; Ref: scu.466018