Teflon tax

The Prince, Bunce and Coaker v. HMRC case concerns the ubiquitous P800, the tax assessment that is apparently not a tax assessment, sent out to millions following the recent overhaul of HMRC stems. Around 160,000 taxpayers are challenging underpayment notices, many of them pensioners left with subst...

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Bibliographic Details
Published in:Taxation 2012-07, Vol.170 (4361), p.14
Main Author: Marshall, Tony
Format: Magazinearticle
Language:English
Subjects:
Court decisions
Errors
Tax assessments
Tax underpayment
Online Access:Get full text
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Summary:The Prince, Bunce and Coaker v. HMRC case concerns the ubiquitous P800, the tax assessment that is apparently not a tax assessment, sent out to millions following the recent overhaul of HMRC stems. Around 160,000 taxpayers are challenging underpayment notices, many of them pensioners left with substantial and unexpected tax bills after HMRC had messed up their tax codes, just the sort of people that Extra-statutory Concession A19 was designed to protect. HMRC are claiming that this case closes the question of Extra-statutory Concession A19 in such circumstances. A review of the concession, apparently aimed to improve the clarity of it, has been announced, but the next step for clients will be to refer HMRC to Case Study 5 on the Adjudicator's Office Web site.
ISSN:0040-0149