G4S LOSES APPEAL TO OFFSET PARKING FINES AS AN EXPENSE

摘要

In G4S Cash Solutions (UK) Ltd v Revenue and Customs [2016] UKFTT 239 the FIT dismissed the appeal of security firm G4S against HMRC's ruling to disallow the company to offset £580,228 in penalty charge notices (PCNs) received by its drivers. These sums related to payments made to settle PCNs given to drivers who were dropping off cash consignments to clients. G4S incurred approximately 10,000 PCNs a year between 2008 and 2010.