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Smith v Revenue and Customs: SCIT 16 Apr 2008

SCIT INCOME TAX – ASSESSMENT – Inspector discovered unexplained deposits in the Appellant’s bank account and personal expenditure on employer’s credit card – deposits and credit card expenditure assessed as income subject to tax – Appellant no explanation for the sources of income – assessments made under discovery provisions except 1997/98 which was a jeopardy assessment – not satisfied that requirements met for jeopardy assessment – 1997/98 assessment, however, not invalid – assessments upheld – Appeal dismissed.

Citations:

[2008] UKSPC SPC00680

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 15 July 2022; Ref: scu.267767

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