Trustees of BT Pension Schemes and others v Clark (HM Inspector of Taxes): CA 24 Feb 2000

Whether pension fund trustees were engaging in the sub-under-writing of share issues in return for commission payments, was a question of fact for the original court hearing the case, and it was not for an appeal court to set aside that finding of fact because of a mistake in the law. In this case the special commissioners that it was not trading would be re-instated.

Citations:

Times 07-Mar-2000, Gazette 09-Mar-2000, [2000] EWCA Civ 55

Links:

Bailii

Statutes:

Income and Corporation Taxes Act 1988 Sch D Case 1

Jurisdiction:

England and Wales

Citing:

CitedCape Brandy Syndicate v Inland Revenue Commissioners CA 1921
Rowlatt J said: ‘In a taxing Act one has to look merely at what is clearly said. There is no room for any intendment. There is no equity about a tax. There is no presumption as to a tax. Nothing is to be read in, nothing is to be implied’ and . .
Lists of cited by and citing cases may be incomplete.

Income Tax

Updated: 31 May 2022; Ref: scu.147088