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Uk Majesty Revenue Customs  Form

Uk Majesty Revenue Customs Form

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revenue and Customs lady simler will hand down the judgment section uh 1,219 of the corporation tax act 2009 enables a company with investment business to deduct the expenses of management of that business in calculating its profits for the purposes of calculating its liability to corporation tax however by subsection 3A of that provision expenses of management cannot be so deducted if the expenses are capital expenses the question in the appeal is whether certain expenditure incurred by the appellant in circumstances I shall summarize shortly now accepted as having been expenses of management are capital or Revenue expenditure the appellant centrica overseas Holdings Limited or coal is an investment holding company in the centrica PLC group its principal activity is holding Capital Investments for the purposes of long-term investment from which it derives value and its business is to manage its capital assets not to trade with them in July 2005 Cole acquired a Dutch company with four

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