Walton v The Commissioners for Revenue & Customs [2009] UKFTT 332 (TC) (18 September 2009)
The appellant failed to keep adequate or accurate records to substantiate his business income, provided no credible explanation for discrepancies, and produced no evidence to challenge HMRC's calculations. The Tribunal found HMRC's amendments and assessments fair and reasonable and dismissed the appeal.
- Citation
- [2009] UKFTT 332
- Parties
- Appellant: Mr Colin Walton; Respondents: The Commissioners for Her Majesty’s Revenue and Customs
- Jurisdiction
- United Kingdom
- Judgment Date
- 18 September 2009
- Procedural Posture
- Tax Appeal / First Tier Tribunal Decision
- Outcome
- Appeal dismissed
- Legal Topics
- Income Tax, Corporation Tax, Self Assessment, Closure Notice, Discovery Assessment, Business Records
Case Brief
Summary, issues, holding and outcome
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Parties
Mr Colin Walton
Appellant
The Commissioners for Her Majesty’s Revenue and Customs
Respondents
Procedural Posture
Tax Appeal / First Tier Tribunal Decision
Legal Issues
- 1 Whether the appellant's self-assessment returns for 2005/2006 and 2006/2007 and discovery assessments for 2002/2003, 2003/2004, and 2004/2005 were incorrect and understated business profits
- 2 Whether HMRC's amendments and assessments were fair and reasonable
Ratio Decidendi
The appellant failed to keep adequate or accurate records to substantiate his business income, provided no credible explanation for discrepancies, and produced no evidence to challenge HMRC's calculations. The Tribunal found HMRC's amendments and assessments fair and reasonable and dismissed the appeal.
Court Disposition
Appeal dismissed
Full Case Text
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