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Income tax – Double taxation relief. The Upper Tribunal (Tax and Chancery Chamber) (the tribunal) dismissed the appeal by the Peninsula & Oriental Steam Navigation Company (P & O) against the decision of the First-tier Tribunal (Tax Chamber) to uphold the decision of the Revenue and Customs Commissioners to substantially reduce P & O's claim for double taxation relief. The tribunal decided that the natural, and correct, construction of s 799(1) of the Income and Corporation Taxes Act 1988 was that where there was no foreign tax (or UK tax which was treated as if it was foreign tax) there was also no tax which could be taken into account for the purposes of that sub-section.
Income tax – Double taxation relief. The Upper Tribunal (Tax and Chancery Chamber) (the tribunal) dismissed the appeal by the Peninsula & Oriental Steam Navigation Company (P & O) against the decision of the First-tier Tribunal (Tax Chamber) to uphold the decision of the Revenue and Customs Commissioners to substantially reduce P & O's claim for double taxation relief. The tribunal decided that the natural, and correct, construction of s 799(1) of the Income and Corporation Taxes Act 1988 was that where there was no foreign tax (or UK tax which was treated as if it was foreign tax) there was also no tax which could be taken into account for the purposes of that sub-section.
Sam Townend KC explains the Bar Council’s efforts towards ensuring a bright future for the profession
Giovanni D’Avola explores the issue of over-citation of unreported cases and the ‘added value’ elements of a law report
Louise Crush explores the key points and opportunities for tax efficiency
Westgate Wealth Management Ltd is a Partner Practice of FTSE 100 company St. James’s Place – one of the top UK Wealth Management firms. We offer a holistic service of distinct quality, integrity, and excellence with the aim to build a professional and valuable relationship with our clients, helping to provide them with security now, prosperity in the future and the highest standard of service in all of our dealings.
Is now the time to review your financial position, having reached a career milestone? asks Louise Crush
If you were to host a dinner party with 10 guests, and you asked them to explain what financial planning is and how it differs to financial advice, you’d receive 10 different answers. The variety of answers highlights the ongoing need to clarify and promote the value of financial planning.
On the 50th anniversary of the pub bombings, even now it is still unresolved. Chris Mullin, the journalist and former MP who led the campaign leading to the release of the Birmingham Six, looks back at events
One year on and the Court of Appeal fails to quash convictions after receiving evidence of racism in the jury room, and there are still no revisions to the Equal Treatment Bench Book , says Keir Monteith KC
Most of us like to think we would risk our career in order to meet our ethical obligations, so why have so many lawyers failed to hold the line? asks Flora Page
If your current practice environment is bringing you down, seek a new one. However daunting the change, it will be worth it, says Anon Barrister
A cultural life and times
