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Trevor Smallwood Trust v Revenue and Customs, [2008] UKSPC SPC00669

Place of Effective Management

“The POEM was where the key management and commercial decisions that were necessary for the conduct of the entity's business were in substance made, which would normally be where the most senior persons, such as the board of directors, made their decisions. The directors could not be regarded as a rubber-stamp or puppet if they applied their minds to the decision-making process.”

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