Pertemps Recruitment Partnership Ltd v Revenue and Customs Commissioners.  BTC 1,675
Upper Tribunal (Tax and Chancery Chamber).
Decision released 11 March 2011.
Corporation tax – Trading profits – Customers' unreconciled payments – Unreconciled amounts transferred to balance sheet account and released to profit and loss account at financial year-end – Legal status of mistaken payments from customers – Whether payments constituting trading receipts accruing or arising from trade for tax purposes – Taxpayer’s appeal dismissed – Income and Corporation Taxes Act 1988, s. 18(1)(a)(ii).