Commentary

V7.322 Best judgement and unjust enrichment—introduction

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.322 Best judgement and unjust enrichment—introduction

Part V7 Tax planning | Commentary

Best judgement and unjust enrichment

V7.322 Best judgement and unjust enrichment—introduction

This section considers two important topics that could arise for a business in its dealings with HMRC.

  1.  

    •     Best judgement assessments – in the case of a business with incomplete records, or where HMRC feels that returns submitted are not correct, the officer(s) has powers under the VATA 1994, s 73 to assess the amount of tax due using his 'best judgement'. Unfortunately for the taxpayer, if he has no records to challenge the best judgement assessment, he will find it very difficult to claim the officer's figures

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