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In Charlton Chauffeur Drive Limited v HMRC [2021] TC08042, the First Tier Tribunal (FTT) found that sums received by a company from a firm of auditors under a legal settlement agreement were compensation in respect of employee fraud. As such, they were revenue in nature and not capital, as the company had claimed.

The FTT dismissed the appeal on the grounds that:

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External links

Charlton Chauffeur Drive Limited v HMRC [2021] TC08042

 


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