Fenech v Serious Organised Crime Agency: FTTTx 10 Oct 2013

FTTTx INCOME TAX AND NICs – tax assessments and penalty assessments – whether SOCA had reasonable grounds to suspect income accruing to appellant due to criminal conduct so that s. 317(1)(a) Proceeds of Crime Act 2002 applied giving it jurisdiction – yes – whether tax assessments for 2004/05 and 2005/06 raised timeously – yes – was cash received by appellant by way of income – yes – whether quantum of tax assessments correct – yes – whether level of penalties excessive – no – appeal dismissed.

[2013] UKFTT 555 (TC)

Income Tax

Updated: 22 November 2021; Ref: scu.516898