‘We were faced with determining the taxable results of current and proposed future transactions which were dependent on decisions made 15 years ago in respect of retirement benefits provision. The factual situation was extremely confused and, because the original decisions were made without the benefit of taxation advice, the application of the relevant taxation provisions was unclear and uncertain. McKie & Co’s Report set out the relevant factual situations with clarity and precision and lucidly explained the application of the relevant taxation provisions. It explained various uncertainties of construction and clearly set out the constructions which McKie & Co considered most likely to be correct. By its doing so we were enabled to understand our options and their financial risks and consequences.‘
