In H Ford1, the company entered into contracts for the sale of grain from Argentina and undertook liability for detention of the ships. Labour troubles ensued and the ships were delayed. The company never admitted liability for a claim, and ultimately never paid it, but deducted the amount of the claim in its accounts. The amount of the claim was an anticipated liability only and was therefore inadmissible for tax purposes.
In Whimster2, the company,
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:04