UT (Tax & Chancery) UT-2022-0000150 - [2024] UKUT 00254 (TCC)

Question 2 (“Q2”) was as follows:

Mr Kalaris replied:

“Well if you think about this, about the, a written commitment, a written
agreement helps reinforce what is a friends and families, friends and family
relationship so, as if, we would always hope that a shareholder would be, would have a commitment to doing more business with Barclays. A personal relationship helps that because it helps obviously in a dialogue and having a relationship that is committed and on paper, for advice, for sponsorship, for
relationship, for the entire relationship, further reinforces that. So that was the purpose of this, I, you know, I would have been, it’s, it’s, this sort of MOU is a very good way of extending the relationship and the sponsorship and the brand value of this to me was quite high”.