[2018] UKFTT 020 (TC)

[The appeal against this decision is reported at [2019] BTC 515.]

Judge Rachel Short

Decision released 9 January 2018

Corporation tax – Oil companies – Supplementary charge on ring fence profits – Change of rate – Just and reasonable apportionment between periods – Appeals allowed.

  The First-tier Tribunal held that the taxpayersʼ apportionment of ring fence profits for the purposes of an increase in the rate of the supplementary charge was valid.

Summary

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