INCOME TAX – discovery assessments – Taxes Management Act 1970 ss. 9A, 12B, 28A, 29, 34, 36 – onus of proof – whether discovery ‘stale’ – whether the condition under s 29(4) met for the ordinary time limit to be extended – income returned on an accruals basis – quantum of insufficiency varied for a timing difference – Finance Act 2007 Schedule 24 – penalty to be varied in line with quantum of insufficiency – amounts of assessment and penalty otherwise confirmed in full – appeal dismissed
Citations:
[2019] UKFTT 470 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax, Taxes Management
Updated: 25 October 2022; Ref: scu.641284
