When the general commissioners were investigating an appeal against the imposition of penalties, it was open to them to ask the company to present more detailed accounts than would be provided under the rules which allowed smaller companies to file short accounts. It was not enough to offer access to the companies books. The commissioners were entitled to require a profit and loss account in one of the four statutory formats. The defaults in this case were deliberate, and inexcusable, and the penalties should be sufficiently substantial to mean something. The penalties here were modest and the companies could make no legitimate complaint of them.
Judges:
Justice Lightman
Citations:
Times 18-Dec-2001, Gazette 06-Feb-2002
Statutes:
Companies Act 1985 248, General Commissioners (Jurisdiction and Procedure) Regulations 1994 (1994 No 1812) 10(3)
Jurisdiction:
England and Wales
Taxes Management, Company, Corporation Tax
Updated: 21 June 2022; Ref: scu.167112
