Revenue and Customs v NCL Investments Ltd and Another: UTTC 8 Apr 2019

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:

Bailii

Jurisdiction:

England and Wales

Corporation Tax

Updated: 12 July 2022; Ref: scu.639514