Tower MCashback: HMRC wins in Supreme Court (detailed update) | Practical Law
The Supreme Court has allowed HMRC's appeal, and dismissed the taxpayers' cross-appeal, against the Court of Appeal decision in Tower MCashback, concerning expenditure on software for capital allowances purposes and closure notices limiting the scope and subject matter of appeals (HMRC v Tower MCashback LLP 1 and another [2011] UKSC 19, dated 11 May 2011).