Esso Petroleum Co. Ltd. v Ministry of Defence.  BTC 500
Judgment delivered 28 July 1989.
Income tax – Deduction of tax under Sch. C – Interest on damages – Ministry of Defence agreed damages with interest consequent on a collision at sea – Whether Ministry entitled to withhold a sum representing tax from interest payment – Whether interest on damages was ‘a public revenue dividend’ – Income and Corporation Taxes Act 1970, Sch. C, sec. 107; Sch. 5, para. 5 (now Income and Corporation Taxes Act 1988, sec. 45; Sch. 3, para. 5).