Shipping company swerves £12.5m tax charge on sale of asset

Log in to your account

FREE Sign up to Accountancy Daily and enjoy

Login image
  • Unlimited analysis & case report access
  • Exclusive surveys & industry updates
  • And much, much more...
Sign up

The Upper Tribunal has ruled in favour of Unicorn Tankships Ltd that a balancing charge of £12.5m did not arise after the sale of a ship subject to the tonnage tax regime, rejecting HMRC’s argument

Related Articles