Legislation: CAA 2001, s. 22 and 23 (list C, items 27 and 28)

Key case law:

Margrett v Lowestoft Water & Gas Company (1935) 19 TC 481 (but see also IR Commrs v Barclay, Curle and Co Ltd (1969) 45 TC 221)

HMRC material: none

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