Smith v HMRC: UTTC 10 May 2011

Income Tax – Schedule D – computation of profits – section 42 FA 1998 – whether accounts prepared in accordance with generally accepted accounting practice – sections 29, 34, 36 TMA 1970 – whether negligent conduct if accounts not prepared in accordance with generally accepted accounting practice – whether HMRC discovered tax loss

Citations:

[2011] UKUT B16 (TCC), [2011] STC 1724, [2011] UKUT 270, [2011] STI 2172, [2011] BTC 1742

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 13 September 2022; Ref: scu.440826