The Supreme Court’s much awaited judgment in Tooth on discovery assessments has rejected the concept of ‘staleness’, but confirmed that the test for ‘deliberate inaccuracy’ requires an intention to mislead HMRC. The recent case of Hoey concerns the issue when and where a taxpayer can rely upon a PAYE credit; the Upper Tribunal’s decision in that case effectively means that actual PAYE deductions are within the First-tier Tribunal’s jurisdiction but not deemed deductions. Meanwhile, HMRC appears to be taking a greater focus on crypto-trading and cryptocurrencies as their popularity grows, and we are aware that HMRC is actively engaged with exchanges seeking information about their customers.
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The Supreme Court’s much awaited judgment in Tooth on discovery assessments has rejected the concept of ‘staleness’, but confirmed that the test for ‘deliberate inaccuracy’ requires an intention to mislead HMRC. The recent case of Hoey concerns the issue when and where a taxpayer can rely upon a PAYE credit; the Upper Tribunal’s decision in that case effectively means that actual PAYE deductions are within the First-tier Tribunal’s jurisdiction but not deemed deductions. Meanwhile, HMRC appears to be taking a greater focus on crypto-trading and cryptocurrencies as their popularity grows, and we are aware that HMRC is actively engaged with exchanges seeking information about their customers.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: