Capital allowances can be refused
Language: English Series: Financial Times ; 13/1/87 p8Publication details: 1987Subject(s): Summary: In Ellis v BP Northern Refinery Ltd Ellis v BP Tyne Tanker Co Ltd (CA 12 December 1986) it was held that a company may waive its right to claim capital allowances against corporation tax and if it chooses to do so the allowances are not automatically deductible by the Revenue.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| News article | London News article | WB2303-48 (Browse shelf(Opens below)) | 1 | Available | 3291-1001 |
In Ellis v BP Northern Refinery Ltd Ellis v BP Tyne Tanker Co Ltd (CA 12 December 1986) it was held that a company may waive its right to claim capital allowances against corporation tax and if it chooses to do so the allowances are not automatically deductible by the Revenue.