InG4S Cash Solutions v HMRC[2016] UKFTT 239 (7 April 2016) the FTT found that parking fines incurred by a cash carrying company were not deductible.
G4S was a secure cash transportation company providing cash delivery and collection services. The issue was whether amounts incurred in respect of penalty charge notices were deductible.
G4S argued that deductions were only claimed for penalty charge notices (PCNs) which could not be avoided. The FTT was however not persuaded and the fact that a 50% reduction in PCNs had subsequently been achieved suggested that PCNs had been incurred unnecessarily. The FTT also found that G4S had not deployed sufficient resources to seek dispensations.
G4S additionally contended that it was questionable whether PCNs should be imposed at all given that certain local authorities did not impose them on cash transport companies. The FTT found ...
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InG4S Cash Solutions v HMRC[2016] UKFTT 239 (7 April 2016) the FTT found that parking fines incurred by a cash carrying company were not deductible.
G4S was a secure cash transportation company providing cash delivery and collection services. The issue was whether amounts incurred in respect of penalty charge notices were deductible.
G4S argued that deductions were only claimed for penalty charge notices (PCNs) which could not be avoided. The FTT was however not persuaded and the fact that a 50% reduction in PCNs had subsequently been achieved suggested that PCNs had been incurred unnecessarily. The FTT also found that G4S had not deployed sufficient resources to seek dispensations.
G4S additionally contended that it was questionable whether PCNs should be imposed at all given that certain local authorities did not impose them on cash transport companies. The FTT found ...
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