"The Supreme Court will consider ... a substantive issue (whether expenditure on the acquisition of a right to use software, which was funded by non-recourse loans from the owner of the software, can qualify for an allowance under section 45 of the Capital Allowances Act 2001 (the “CAA”))".The two-day hearing in this case will begin on 21 February 2011.
Tuesday, 15 February 2011
Tax allowance for cost of acquiring right to use software
Via this blogger's friends on the UKSC Blog comes this link to the news of a forthcoming hearing by the United Kingdom's Supreme Court. The case is Commissioners for Her Majesty’s Revenue and Customs (Appellant) v Tower MCashback LLP and another (Respondents). According to the UKSC Blog,