Leslie Smith v The Commissioners for HM Revenue and Customs: [2011] UKUT 270 (TCC)

Upper Tribunal Tax and Chancery decision of Mr Justice Arnold on 10 May 2011.

• From: HM Courts & Tribunals Service and Upper Tribunal (Tax and Chancery Chamber)
• Published: 1 December 2016

• Category: Tax
• Release date: 10 May 2011

Read the full decision in Leslie Smith v The Commissioners for HM Revenue and Customs: [2011] UKUT 270 (TCC).

Income Tax – Schedule D – computation of profits – section 42 FA 1998 – whether accounts prepared in accordance with generally accepted accounting practice – sections 29, 34, 36 TMA 1970 – whether negligent conduct if accounts not prepared in accordance with generally accepted accounting practice – whether HMRC discovered tax loss.

Published 1 December 2016