CORPORATION TAX – grant of share options to employees by an employee benefit trust – whether accounting debits arising under IFRS2 deductible as a trading expense of the employing companies – yes – whether that debit was capital in nature-no-whether s 1038 or prevents a deduction from being available-no whether s 1290 CTA 2009 prevents a deduction from being available – no
Citations:
[2019] UKUT 111 (TCC)
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 12 July 2022; Ref: scu.639514