Jackson v Revenue & Customs (INCOME TAX/CORPORATION TAX : Assessment/self-assessment) [2015] UKFTT 221 (TC) (13 May 2015)
The tribunal found no evidence of suppression of cash takings and accepted the appellant's explanation for the business's payment structure and declining income. HMRC's assessments were based on flawed assumptions and not supported by evidence.
- Citation
- [2015] UKFTT 221 (TC)
- Parties
- Appellant: Peter N Jackson; Respondents: The Commissioners for Her Majesty’s Revenue & Customs
- Jurisdiction
- United Kingdom
- Judgment Date
- 13 May 2015
- Procedural Posture
- Income Tax/corporation Tax Assessment/self Assessment Appeal / First Tier Tribunal (tax Chamber) Final Hearing
- Outcome
- Appeal allowed
- Legal Topics
- Income Tax Assessment, National Insurance Contributions, Suppression of Takings, Business Records, Penalties for Under Declaration
Case Brief
Summary, issues, holding and outcome
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Parties
Peter N Jackson
Appellant
The Commissioners for Her Majesty’s Revenue & Customs
Respondents
Procedural Posture
Income Tax/corporation Tax Assessment/self Assessment Appeal / First Tier Tribunal (tax Chamber) Final Hearing
Legal Issues
- 1 Whether the appellant suppressed cash takings
- 2 Whether business income was understated
- 3 Whether HMRC's assessments and penalties were justified
Ratio Decidendi
The tribunal found no evidence of suppression of cash takings and accepted the appellant's explanation for the business's payment structure and declining income. HMRC's assessments were based on flawed assumptions and not supported by evidence.
Court Disposition
Appeal allowed
Orders
- Assessments and penalties discharged
Full Case Text
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