Sponsorship payment not deductible as not made exclusively for trade purposes (Upper Tribunal) | Practical Law

Sponsorship payment not deductible as not made exclusively for trade purposes (Upper Tribunal) | Practical Law

The Upper Tribunal has upheld the decision of the First-tier Tribunal that a taxpayer was not entitled to a tax deduction for sponsorship payments made to a rugby club because the taxpayer's purpose was not solely to benefit the taxpayer's trade (Interfish Limited v HMRC [2013] UKUT 0336 (TCC)).

Sponsorship payment not deductible as not made exclusively for trade purposes (Upper Tribunal)

Practical Law UK Legal Update Case Report 9-535-3780 (Approx. 2 pages)

Sponsorship payment not deductible as not made exclusively for trade purposes (Upper Tribunal)

by Practical Law Tax
Published on 24 Jul 2013 • United Kingdom
The Upper Tribunal has upheld the decision of the First-tier Tribunal that a taxpayer was not entitled to a tax deduction for sponsorship payments made to a rugby club because the taxpayer's purpose was not solely to benefit the taxpayer's trade (Interfish Limited v HMRC [2013] UKUT 0336 (TCC)).