Market leading insight for tax experts
View online issue

High Court Bars Mars

Maurice Parry-Wingfield, Tax Director, Deloitte, criticises the High Court decision that Mars should add back the whole of the year's depreciation even though part of it has been carried forward in stock

 
Maurice Parry-Wingfield Tax Director Deloitte criticises the High Court decision that Mars should add back the whole of the year's depreciation even though part of it has been carried forward in stock
 
Mars has suffered a reverse before the High Court on depreciation charged to trading stock (Small v Mars UK Ltd [2005] EWHC 553 (Ch)) hopefully only temporarily. Readers may feel they have heard rather a lot from me on the subject with articles in The Tax Journal (14 October 2002 Issue 664 and 21 October 2002 Issue 665) on the...

If you or your firm subscribes to Taxjournal.com, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
EDITOR'S PICKstar
300 x 250 (MPU)
Top