The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
CA (Sir Thomas Bingham MR, Millett J and Schiemann J) 17/10/95.
Summary: Investment income of a trading company is not to be treated for tax purposes as a trading receipt when the company is not a banker, a tour operator or an insurance company.
Revenue appeal from an order of Sir John Vinelott (Ch.D (Vinelott J) 17/2/95. TLR 28/2/95) reversing a decision of Special Commissioners and holding that interest earned on bank deposits made by the taxpayer in the year 31/3/91 was trading income within s.393 (8) Income and Corporation Taxes Act 1988. The result was that s.393 (1) permitted trading losses carried forward from earlier accounting periods to be set off against it for the purposes of corporation tax.