Income Tax – Underdeclaration of Income Derived From Companies – Liabilities Established By Reference To Net Cash Received in the absence of reliable records – closure notices and assessments adjusted accordingly – deliberate inaccuracy penalties partly upheld, though some reduced to careless inaccuracy penalties – appeals allowed in part
Citations:
[2022] UKFTT 216 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 26 July 2022; Ref: scu.679653
