Matrix-Securities Ltd v Inland Revenue Commissioners
Language: English Series: All England Law Reports ; (1994) 1 AllER 769-793(25)Publication details: 1994Subject(s): Summary: HL 17 February 1994. M were sponsors of a scheme to develop an enterprise zone property. Under this scheme, it was proposed that a unit trust would be formed to acquire the freehold, and also purchase some property. When M applied to Inland Revenue, for further details and reassurance on the scheme, they failed to provide a full and accurate disclosure for clearance on the matter. IR Inspectors then withdrew their clearance. The issue was whether or not they were fair in their withdrawal and whether this amounted to abuse of power. Held, IR were fully justified in their course of action, since they had no other choice. Appeal dismissed.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS50363 (Browse shelf(Opens below)) | 1 | Available | 75441-1001 |
HL 17 February 1994. M were sponsors of a scheme to develop an enterprise zone property. Under this scheme, it was proposed that a unit trust would be formed to acquire the freehold, and also purchase some property. When M applied to Inland Revenue, for further details and reassurance on the scheme, they failed to provide a full and accurate disclosure for clearance on the matter. IR Inspectors then withdrew their clearance. The issue was whether or not they were fair in their withdrawal and whether this amounted to abuse of power. Held, IR were fully justified in their course of action, since they had no other choice. Appeal dismissed.