Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

SHORT BROS., LTD. v. COMMISSIONERS OF INLAND REVENUE; SUNDERLAND SHIPBUILDING CO., LTD. v. SAME.

(1926) 26 Ll.L.Rep. 56

KING'S BENCH DIVISION.

Before Mr. Justice Rowlatt.

Revenue-Excess Profits Duty-Shipbuilding company-Cancellation of contract to build ships-(1) Sum paid as compensation - Whether an income receipt - Whether there should be apportionment over contract period-(2) Compensation due before but paid after final accounting period-Whether an income receipt.

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