British
and Irish Legal Information Institute
Freely Available British and Irish Public Legal Information
[Home] [Databases] [World Law] [Multidatabase Search] [Help] [Feedback]
United Kingdom Upper Tribunal (Tax and Chancery Chamber)
You are here: BAILII >> Databases >> United Kingdom Upper Tribunal (Tax and Chancery Chamber) >> Looney & Anor v Revenue and Customs: [2020] UKUT 119 (TCC) (22 April 2020)
URL: http://www.bailii.org/uk/cases/UKUT/TCC/2020/119.html
Cite as: [2020] BTC 545, [2020] UKUT 119 (TCC), [2020] STC 1139
[New search] [Printable PDF version] [Help]
1) Kieran Looney; 2) Kieran Looney and Associates (a firm) v Revenue and Customs: [2020] UKUT 119 (TCC) (22 April 2020)
Tax treatment of certain payments under management training contract - whether FTT erred in conclusion termination payment trading revenue receipt (consideration for cancellation of the contract to provide training) rather than capital (compensation for loss of a secret process in proprietary performance management system) - House of Lords' decision in Evans Medical Supplies Ltd v Moriarty (H M Inspector of Taxes) ([1957] 37 TC 540) considered - no - whether FTT erred in conclusion other contractual payments gave rise to tax liability on appellant (as opposed, through a multiparty agreement, to other entities appellant owned) - no - appeal dismissed22 April 2020
A HTML version of this file is not available click here or view below the pdf version : [2020] UKUT 119 (TCC)