Telecommunication rights
Expenditure and receipts treated as revenue in nature
Legislation/Regulatory –
ITTOIA2005 s. 147
Generally
Commentary –
Schwarz on Tax Treaties ¶18-200
Indefeasible rights to use (IRUs)
Legislation/Regulatory –
IRInt. 215
;
IRInt. 259
Intangible fixed assets
Legislation/Regulatory –
CTA2009 s. 897
Non-trading income
Charge to tax
Legislation/Regulatory –
ITTOIA2005 s. 614
HMRC Guidance –
CH122110
Deductions
Legislation/Regulatory –
ITTOIA2005 s. 617
Income charged
Legislation/Regulatory –
ITTOIA2005 s. 615
Payments received after deduction of tax
Legislation/Regulatory –
ITTOIA2005 s. 618
Person liable
Legislation/Regulatory –
ITTOIA2005 s. 616
Relevant telecommunication right, meaning
Legislation/Regulatory –
ITTOIA2005 s. 146
Revaluation in accounts, credits or debits arising
Legislation/Regulatory –
ITTOIA2005 s. 148