When do provisions count?
Series: Property Week ; 64(34) 3 September 1999, 66-67(2)Publication details: 1999Subject(s): Summary: 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.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | ABS61294 (Browse shelf(Opens below)) | 1 | Available | 101928-1001 |
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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.