Paton v Commissioners of Inland Revenue
| Jurisdiction | UK Non-devolved |
| Year | 1936 |
| Court | House of Lords |
| Date | 1936 |
-
- This document is available in original version only for vLex customers
View this document and try vLex for 7 days - TRY VLEX
- This document is available in original version only for vLex customers
39 cases
-
Minsham Properties Ltd v Price (Inspector of Taxes) ; Lysville Ltd v Same
...so added would not amount to payment of the interest. That was decided by the House of Lords in Paton v Inland Revenue CommissionersELR ((1938) AC 341). Mr Park sought to distinguish Paton's case on the ground that there the entry adding the accrued interest to principal was an entry in the......
-
National Bank of Greece S.A. (Appellants) v Pinios Shipping Company No. 1 and Another (Respondents)
...of staccato agreements, was obviously a fiction: Lord Macmillan was later to characterise it as "an agreeable fiction" (see Paton v. Inland Revenue Commissioners [1938] A.C. 341, 357). Its function was only to circumvent the usury laws; once those laws had been repealed in 1854, there was n......
- UMBC v Pekeliling Triangle Sdn. Bhd
-
Financial Institutions Services Ltd v Negril Holdings et Al
...unimpaired.” 149 Then Nicholls, L.J. made his contribution at page 147; “In 1938, in the case of Parton v. Inland Revenue Commissioners, [1938] A.C. 341 at p. 357, Lord Macmillan commented on that principle and its survival despite the repeal of the usury laws: On this principle it was held......
Request a trial to view additional results
1 books & journal articles
-
COMPOUND INTEREST CHARGED BY BANKS
...protest he allows his account to be debited. See: Pagets Law of Banking, 8th Edition p. 134. See Paton v. Inland Revenue Commissioner (1938) A.C. 341. As Banking is of comparatively recent origin in this country, the origin of the custom of Bankers to charge interest on over draft has to b......