Corporation Tax - 1996

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This page lists 7 cases, and was prepared on 28 October 2012.

Glaxo Group Ltd -v- Inland Revenue Commissioners [1996] STC 191
8 Jan 1996 CA	Corporation Tax
	A transfer pricing direction allowed the Inland Revenue to issue adjustments after 6 years.

Girobank Plc -v- Clarke (Inspector of Taxes)
21 Mar 1996 ChD	Corporation Tax	Casemap 1 Cites 1 Citers
	The part use of an industrial building as an office defeats a capital allowance claim.
	Capital Allowances Act 1990 18

Nuclear Electric Plc -v- Bradley (Inspector of Taxes)
29 Mar 1996 HL	Corporation Tax	Casemap 1 Cites
	Income of investments set aside to cover future liabilities was not trading income.
	Income and Corporation Taxes Act 1988 393(8)

Boote (Inspector of Taxes) -v- Banco Do Brasil Sa
2 Apr 1996 ChD	Corporation Tax, Banking
	An overseas bank may not carry forward a set-off against profits against later loss by overseas bank on loans through UK.
	Finance Act 1976 50(1)

Johnson (Inspector of Taxes) -v- Prudential Assurance Co Ltd
5 Jul 1996 ChD	Corporation Tax
	Life Assurance company's management expenses not deductible as quantum of profit.
	Finance Act (No 2) Act 1992 65

Bradley (Inspector of Taxes) -v- London Electricity Plc
1 Aug 1996 ChD	Corporation Tax
	A distinction is to be found between the construction of plant and the equipment installed. The Court should examine the function of a structure to decide if it was a plant or a building for allowance.
	Capital Allowances Act 1990 24

Memec Plc -v- Inland Revenue Commissioners
7 Nov 1996 ChD	Corporation Tax
	Double taxation relied not available for distribution by German company to UK partner.