(1) CHIBBETT (H.M. INSPECTOR OF TAXES) v JOSEPH ROBINSON AND SONS.(1)(2) THE COMMISSIONERS OF INLAND REVENUE v JOSEPH ROBINSON AND SONS.(1) (1923-25) 9 TC 48
NO. 493.–HIGH COURT OF JUSTICE (KING’S BENCH DIVISION).–
23RD AND 24TH JUNE, 1924.
Income Tax, Schedule D – Excess Profits Duty – Ship-managers – Profits of trade – Compensation for loss of employment.
The Respondents, a firm of ship-managers, were employed in that capacity by a certain steamship Company, their remuneration consisting in part of a percentage of the Company’s annual net profits, including interest on its investments, which were considerable.