MW High Tech Projects UK Limited v The Commissioners for HMRC

Statutory provisions must be interpreted purposively but not to the extent of ignoring the words of the statute.

Inco Europe Ltd v First Choice Distribution [2000] UKHL 15

Courts can correct obvious drafting errors but must be abundantly sure of the intended purpose, the inadvertent failure to give effect to that purpose, and the substance of the provision Parliament would have made.

Inco Europe Ltd v First Choice Distribution [2000] UKHL 15

A purposive construction does not allow ignoring the plain meaning of the words used in a statute.

Williams v Central Bank of Nigeria [2014] UKSC 10

Preliminary documents, like the Treasury Report, cannot displace the meaning of clear and unambiguous statutory words.

R (oao O) v SSHD [2022] UKSC 2

Amendments to legislation are not retrospective unless explicitly stated.

Finance (No 2) Act 2023

A company is not a going concern if its latest published accounts were not prepared on a going concern basis (Corporation Tax Act 2009, s 104S and s 104T).

Corporation Tax Act 2009, s 104S and s 104T

Tribunal findings on accountancy matters are findings of fact.

HMRC v Jasper Conran [2023] UKUT 00166 (TCC)

Directors are responsible for deciding whether to prepare accounts on a going concern basis; auditing standards do not override this responsibility.

ISA 200, ISA 570

A prior period adjustment (PPA) does not change previously published accounts.

IAS 8