Contractor v Revenue and Customs (Income Tax – Discovery Assessment – Tax Avoidance Scheme): FTTTx 23 Feb 2021

INCOME TAX – discovery assessment – tax avoidance scheme – ground of appeal against the quantum of assessment and not the efficacy of the scheme – ss 29 and 34 of Taxes Management Act 1970 – whether assessment validly made – pre-condition under s 29(5) -whether a hypothetical officer could have been reasonably expected to be aware of the insufficiency from the information made available; no – whether assessment stands good; yes – onus for displacing assessment regarding quantum on the appellant – appeal dismissed

Citations:

[2021] UKFTT 54 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 05 December 2022; Ref: scu.661755