header-logo header-logo

Taxing matters

06 January 2011 / Peter Vaines
Issue: 7447 / Categories: Features , Tax , Commercial
printer mail-detail

Peter Vaines recounts a tale of appeals out of time

The case of R Legg TC/2010/04462 indicates that it is generally not in your interests to ignore communications from HMRC. No surprise there—but this will make your hair stand on end.

Mr Legg was contacted by HMRC who suggested that he was party to a bank account which had been credited with £3,000 interest. Mr Legg ignored it. How much tax do you think HMRC could possibly charge as a result? How about £275,000. You may laugh—and although Mr Legg thought this was a joke and “was waiting for Jeremy Beadle to appear” he should have done something because the result was a statutory demand to make him bankrupt. He made an application to the Tribunal to appeal out of time but they said: “It is not in the public interest for this matter to proceed; the amount of tax is large and an early resolution of the matter and the payment of the tax is now appropriate”.

How on earth do HMRC get

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Hugh James—Phil Edwards

Hugh James—Phil Edwards

Serious injury teambolstered by high-profile partner hire

Freeths—Melanie Stancliffe

Freeths—Melanie Stancliffe

Firm strengthens employment team with partner hire

DAC Beachcroft—Tim Barr

DAC Beachcroft—Tim Barr

Lawyers’ liability practice strengthened with partner appointment in London

NEWS
Ceri Morgan, knowledge counsel at Herbert Smith Freehills Kramer LLP, analyses the Supreme Court’s landmark decision in Johnson v FirstRand Bank Ltd, which reshapes the law of fiduciary relationships and common law bribery
The boundaries of media access in family law are scrutinised by Nicholas Dobson in NLJ this week
Reflecting on personal experience, Professor Graham Zellick KC, Senior Master of the Bench and former Reader of the Middle Temple, questions the unchecked power of parliamentary privilege
Geoff Dover, managing director at Heirloom Fair Legal, sets out a blueprint for ethical litigation funding in the wake of high-profile law firm collapses
James Grice, head of innovation and AI at Lawfront, explores how artificial intelligence is transforming the legal sector
back-to-top-scroll