Wilkes v Revenue and Customs (Income Tax – High Income Child Benefit (HICN) Charge): FTTTx 15 Jun 2020

Taxpayer had liability but did not complete a tax return – HMRC discovered HICB charge liability and raised discovery assessment under s29(1)(a) TMA 1970 – was there discovery that income which ought to have been assessed to income tax had not been assessed? – held: no, as HICBC charge was a self-standing liability to income tax, not income assessable to income tax – assessment invalid – appeal allowed

Citations:

[2020] UKFTT 256 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 31 December 2022; Ref: scu.652297