Upper Tribunal Tax and Chancery decision of Mr Justice Warren and Judge Sinfield on 17 June 2014.
Read the full decision in The Commissioners for HM Revenue and Customs v McLaren Racing Limited: [2014 UKUT 0269 (TCC).
CORPORATION TAX – whether penalty imposed by Formula One governing body
for breach of its non-statutory code deductible in computing profits to be charged to
corporation tax - held no - appeal allowed.
Release date: 17 June 2014
Ministry of Justice
HM Courts & Tribunals Service
Upper Tribunal (Tax and Chancery Chamber)
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