September 2014
Accountancy;Sep2014, Vol. 153 Issue 1453, p28
Trade Publication
The article discusses the British First Tier Tribunal (FTT) court case Sabaratnam Devaraj v Revenue & Customs which dealt with termination payment deductions. Topics covered include a compensation payment received by Devaraj from Post Office Ltd. as a result of the compulsory closure of a post office that he owned in 2008 and the refusal by Her Majesty's Revenue & Customs (HMRC) to grant an amount of 45,000 British pounds related to the original acquisition cost of the goodwill.


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