The Court of Appeal considered that the Upper Tribunal was not justified in setting aside the decision of the First-tier Tribunal for the reasons it gave and allowed the appeal of HMRC to the effect that the central management and control of Jersey companies was exercised in the UK and not Jersey.   

Summary 

The Court of Appeal considered that the Upper Tribunal (UT) was not justified in setting aside the decision of the First-tier Tribunal (FTT) for the reasons it gave and allowed the appeal of HM Revenue and Customs (HMRC) to the effect that the central management and control (CMC) of Jersey companies was exercised in the UK and not Jersey.   

Background 

In October 2014, HMRC denied the respondent companies various capital