INCOME TAX, NATIONAL INSURANCE CONTRIBUTIONS and VALUE ADDED TAX – Enquiry into partnership return for 2005-06 on basis that deposits into bank accounts exceeded returned sales in partnership’s accounts – subsequent discovery assessments for years back to 2001-02 and forward to 2011-12 based on presumption of continuity – VAT assessments of 02/02 to 08/13 based on 2005-06 income tax figures extrapolated by RPI – validity of discovery amendments and VAT assessments – examination of principle of presumption of continuity – validity of penalties – whether behaviour deliberate – appeals allowed for the most part.
Citations:
[2019] UKFTT 38 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 01 November 2022; Ref: scu.635658