The issue on this appeal is whether debits to the profit and loss accounts of the taxpayer companies, required by generally accepted accounting practice and resulting from the grant to their employees by the trustees of an employee benefit scheme of options to acquire shares in the holding company of the group, are allowable as deductions in the computation of their profits for the purposes of corporation tax.
Judges:
Lord Justice David Richards
Citations:
[2020] EWCA Civ 663
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 27 November 2022; Ref: scu.650929