Lynch v National Crime Agency: FTTTx 9 Dec 2014

FTTTx INCOME TAX – Proceeds of Crime Act 2002 – whether qualifying condition met for NCA to carry out general Revenue functions in relation to Appellant – yes – discovery assessments under s 29 TMA 1970 – whether the conditions for such assessments met – yes – whether within time limits – yes – on evidence, no basis on which assessed amounts to be adjusted, other than one to be reduced to nil – with latter exception, assessments confirmed – appeal dismissed

[2014] UKFTT 1088 (TC)
Proceeds of Crime Act 2002, Taxes Management Act 1970 29
England and Wales

Income Tax, Taxes Management

Updated: 24 December 2021; Ref: scu.540317