Glaxo Group Ltd v Inland Revenue Commissioners: CA 8 Jan 1996

A transfer pricing direction allowed the Inland Revenue to issue adjustments after 6 years.
Ind Summary 08-Jan-1996, [1996] STC 191
England and Wales
Appeal fromGlaxo Group Ltd and Others v Inland Revenue Commissioners ChD 21-Nov-1995
A tax adjustment can be made by the Inland Revenue on an open assessment following transfer pricing enquiry and direction, even after many years. The court considered that the jurisdiction of the special and the general commissioners to determine . .

Cited by:
CitedUK Tradecorp Ltd, Regina (on the Application of) v Commissioners for Customs and Excise Admn 10-Nov-2004
The trader had traded in zero-rated goods, leading to a net reclaim of input tax. Having submitted a claim, it sought repayment, and interest on the sums withheld.
Held: No duty fell upon the commissioners until they had accepted the claim to . .

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Updated: 10 April 2021; Ref: scu.80862