McKnight (Inspector of Taxes) v Sheppard
Jurisdiction | England & Wales |
Judge | LORD HOFFMANN,LORD MACKAY OF CLASHFERN,LORD CLYDE,LORD HUTTON,LORD HOBHOUSE OF WOODBOROUGH |
Judgment Date | 17 June 1999 |
Judgment citation (vLex) | [1999] UKHL J0617-2 |
Date | 17 June 1999 |
Court | House of Lords |
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35 cases
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HM Revenue and Customs v Lansdowne Partners Ltd Partnership
...distinction between the “object” of expenditure and the “effect” of expenditure was taken up by the House of Lords in McKnight v Sheppard [1999] STC 669. The case concerned the legal costs incurred by the taxpayer in defending disciplinary proceedings that had been brought against him. The ......
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TC03026: Versteegh Ltd and Others
...and the expenditure lies outside the prohibition in s 130. [151]The same theme can be found in the case of McKnight (HMIT) v SheppardTAX[1999] BTC 236, where the fact that the taxpayer was found to be concerned as to his personal reputation when he incurred expenses in defending certain dis......
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Holmes & Ross v HM Revenue and Customs
...My instinctive reaction was the same, but in the light of the principles expounded by the House of Lords in McKnight v Sheppard [1999] 1 WLR 1333 I see no reason to doubt that legal and other professional expenses incurred by Mr Ross and Mr Holmes as a result of the intervention are properl......
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Seven Individuals v Revenue and Customs Commissioners
...does seem to have a certain logic to it. Mr Davey referred in passing to the decision of the House of Lords in McKnight (HMIT) v Sheppard [1999] BTC 236 as illustrating that work done on tax returns is not for the purposes of a trade. In fact in the course of his speech Lord Hoffmann referr......
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1 firm's commentaries
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Weekly Tax Update - Monday 15 October 2012
...this. No part of their trade could encompass what their employees or agents had done in view of the WMSC findings. In McKnight v Sheppard 71 TC 419 (1999) [which concerned non-statutory fines imposed on a stockbroker by the Stock Exchange] the fine was held to be non-deductible by both the ......