The Court of Appeal are to hand down their judgment in respect of Good v HMRC (CA-2022-000042) on Friday 10 February 2023.
The case had previously been heard in the Upper Tribunal [2021] UKUT 281 (TCC), which had refused Mr Good’s appeal against the First-tier Tribunal’s decision ([2020] UKFTT 0025 (TC)):
“The FTT determined that Mr Good was liable to income tax on certain payments received under a scheme for the exploitation of film rights in which he had participated, that he could not deduct from those receipts interest payments and other expenses for income tax purposes and that he was not entitled to reduce his taxable income with brought forward losses. The FTT also decided that the discovery assessments issued by HMRC to Mr Good were not invalid on the grounds of staleness, and that they otherwise satisfied the relevant statutory conditions.“
Related content from Claritax Books
Discovery Assessments, by tax barrister Keith Gordon, is a detailed, clearly written guide to the law and practice in this area. Based on the author’s personal involvement in many leading cases, the book contains much practical advice explaining when and how such assessments may be challenged.
