Revenue eBrief No. 029/21

15 February 2021

Update of Tax and Duty Manual 02-02-06 – What constitutes a trade?

Tax and Duty Manual Part 02-02-06 has been updated to include additional material in relation to the case of Noddy Subsidiary Rights Company Ltd v CIR 1966 [43 TC 458]. The summary of opinions in Appendix B has also been updated.