*Peninsular & Oriental Steam Navigation Company v Revenue and Customs Commissioners

Income tax – Double taxation relief. The Court of Appeal, Civil Division, dismissed the taxpayer's appeal regarding its claim for double tax credit relief on a dividend received by it from its overseas subsidiaries which originated from another United Kingdom resident company. Guidance was given regarding the statutory scheme provided for by ss 790 to 801(4C) of the Income and Corporation Taxes Act 1988.

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