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High Court Bars Mars

Maurice Parry-Wingfield, Tax Director, Deloitte, criticises the High Court decision that Mars should add back the whole of the year's depreciation even though part of it has been carried forward in stock

 
Maurice Parry-Wingfield Tax Director Deloitte criticises the High Court decision that Mars should add back the whole of the year's depreciation even though part of it has been carried forward in stock
 
Mars has suffered a reverse before the High Court on depreciation charged to trading stock (Small v Mars UK Ltd [2005] EWHC 553 (Ch)) hopefully only temporarily. Readers may feel they have heard rather a lot from me on the subject with articles in The Tax Journal (14 October 2002 Issue 664 and 21 October 2002 Issue 665) on the Revenue's Tax...

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