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All Things Accounting Ltd
Accountants in Ilford , Essex
Accountants in Ilford , Essex
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Parking fines are not tax deductible expenses

A first-tier tax tribunal has ruled that parking fines incurred by G4S are not allowable expenses for tax purposes.

Jim Harra, HMRC’s director general of business tax, said: “We’ve always said fines incurred for breaking the law are not tax deductible. The tribunal has now established a clear precedent for rejecting any future such claims.”

Case reference: G4S Cash Solutions (UK) Limited v HMRC [2016] UKFTT TC05015
http://www.financeandtaxtribunals.gov.uk/...
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