[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.


Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.