The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.