Where an employer has not deducted tax, the employee can be liable to a tax assessment. The recipient of Schedule E income can still be directly assessable.
HL Income Tax – Schedule E – Employment – Gain on sale of shares – Whether taxable under Schedule E – Whether purchaser liable to deduct tax under the Income Tax (Employments) Regulations 1973 SI 1973 No. 334 Regulation j-j 13 – Finance Act 1972, 5 79(1), Finance Act 1976, s 67(1).
Citations:
Ind Summary 12-Jul-1993, Times 22-Jun-1993, Gazette 01-Sep-1993, [1993] UKHL TC – 66 – 29, [1993] 1 WLR 1090, [1993] STI 1007, [1993] 3 All ER 56, [1993] STC 436, 1993 SLT 916, 66 TC 29, 1993 SC (HL) 35
Links:
Statutes:
Income and Corporation Taxes Act 1970 209, Income Tax (Employments) Regulations 1973
Income Tax
Updated: 19 May 2022; Ref: scu.82344
