The 'wholly and exclusively' rule: To pay or not to pay
|Category|| Technical Articles
Article by Keith M Gordon, barrister, chartered accountant and tax adviser, Atlas Chambers. This article appeared in the March 2007 issue of Tax Adviser. The author discusses the recent decision of the Special Commissioners in AB (A firm) v HMRC
that considers the issues of expenditure incurred wholly and exclusively for the purposes of a business, and taxpayers' negligence.
March 2007 by
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