Market leading insight for tax experts
View online issue

KS & PK Duhra v HMRC

In KS & PK Duhra v HMRC (TC01182 – 7 June) HMRC formed the opinion that a couple who operated a taxi rental business had underdeclared their profits.

They issued discovery assessments under TMA 1970 s 29 covering the years 1998/99 to 2005/06 inclusive and imposed penalties at the rate of 40% of the tax allegedly evaded.

The First-tier Tribunal reviewed the evidence in detail upheld the assessments for 1998/99 to 2002/03 inclusive in reduced amounts allowed the appeals for 2003/04 to 2005/06 inclusive and reduced the penalties to 20% of the evaded tax.

Why it matters: In the majority of recent cases concerning penalties the Tribunals have upheld the percentage rate imposed by HMRC. This case is worth noting as the Tribunal made a substantial reduction (from 40% of the evaded tax to 20% of...

If you or your firm subscribes to, please click the login box below:

If you do not subscribe but are a registered user, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this article in full.
Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.