INCOME TAX – PENALTY FOR LATE FILING OF END OF YEAR PAYE RETURN – Whether Appellant had reasonable excuse for default – Yes – Appeal Allowed.

[2011] UKFTT 429 (TC)
Bailii
England and Wales

Income Tax

Updated: 02 November 2021; Ref: scu.443095

References: (1932) 48 CLR 113, [1932] HCA 56
Links: Austlii
Coram: Gavan Duffy CJ and Dixon J
Ratio: (High Court of Australia) The taxpayer newspaper sought to set off against its liability to income tax, sums which it had paid out in damages for defamation.
Held: They were deductible. Such claims against a newspaper are a ‘regular and almost unavoidable incident of publishing it’ and the damages are compensatory rather than punitive.
Jurisdiction: Australia
This case is cited by:

• Cited – McKnight (Inspector of Taxes) v Sheppard HL (Times 18-Jun-99, Gazette 07-Jul-99, House of Lords, Bailii, [1999] UKHL 6, [1999] 1 WLR 1333, [1999] 3 All ER 491)
  The taxpayer sought to set off against tax some pounds 200,000 spent defending professional disciplinary proceedings. The House was asked whether this was ‘money wholly and exclusively laid out or expended for the purposes of the trade.’
  Held: . .

(This list may be incomplete)

Last Update: 15 June 2020
Ref: 266054

References: [2019] UKUT 386 (AAC)
Links: Bailii
Ratio: (Tax Credits and Family Credit – Other)
Jurisdiction: England and Wales

Last Update: 15 June 2020
Ref: 651682