Ardmore Construction Ltd v Revenue and Customs Commissioners

Income tax – Interest. The appellant taxpayer had failed to prove that the Upper Tribunal (Tax and Chancery Chamber) and the First-tier Tribunal (Tax Chamber) had erred in their conclusion that the interest paid on a loan by a UK company had been paid from a source within the UK and that the taxpayer ought to have deducted tax from it. Accordingly, the Court of Appeal, Civil Division, dismissed the taxpayer's appeal.

Category: