Welcome to March’s edition of our UK Tax Round Up. This month has seen a number of interesting cases covering a range of issues, from the deductibility of costs against employment.
Tax News from the United Kingdom from March 2024 natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
In order to answer to the above question, the following
distinctions need to be made.
1. Management and control of
the business of the
company Vs. Shareholders control of
the
company
the company through their
votes at general meetings, while the board of directors
exercises control
of the business of the company
by its management. A long line of authorities supports this.
The board of directors exercises the central management and
control of the business, while the shareholders exercise the
control of the company.
The above principle is also specifically adopted in our
Companies Law Cap 113, Table A, section 80, subject to any