Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

A Christmas Discovery

09 February 2005 / Peter Penneycard
Issue: 3994 / Categories: Comment & Analysis , Capital Gains
PETER PENNEYCARD reviews 'discovery' following the Revenue guidance published at Christmas.

EVEN WHEN PARAPHRASED Taxes Management Act 1970 s 29(1) makes a long opening sentence; but it is impossible to consider the post-Veltema debate without it so you have been warned!

 

'If an Inspector of Taxes discovers that any income which ought to have been assessed to income tax or chargeable gains which ought to have been assessed to capital gains tax have not been assessed or that an assessment to tax is or has become insufficient or that any relief which has been given is or has become excessive then the Inspector may make an assessment in the amount or the further...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.

back to top icon