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:
Statutes:
Income and Corporation Taxes Act 1988 Sch D Case 1
Jurisdiction:
England and Wales
Citing:
Cited – Cape 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
