When do provisions count?
Davey, N.
When do provisions count? - 1999 - Property Week 64(34) 3 September 1999, 66-67(2) .
Discusses the Inland Revenues decision not to appeal in two cases where firms were seeking to suspend rent payment on a vacated premises: Herbert Smith v Honour (HMIT) and Jenners, Princes St Edinburgh Ltd v Inland Revenue. The Revenue now accepts that tax relief should follow the accounting treatment where that treatment is in accordance with accounting best practice.
When do provisions count? - 1999 - Property Week 64(34) 3 September 1999, 66-67(2) .
Discusses the Inland Revenues decision not to appeal in two cases where firms were seeking to suspend rent payment on a vacated premises: Herbert Smith v Honour (HMIT) and Jenners, Princes St Edinburgh Ltd v Inland Revenue. The Revenue now accepts that tax relief should follow the accounting treatment where that treatment is in accordance with accounting best practice.