학술논문

An outrageously unfair result
Document Type
Journal Article
Source
Tax. 2018, 182(4668), 15-17
Subject
Income tax
Insurance policies
Mistake
Rectification
Surrender
Tax administration
Tax
Insurance
Language
English
ISSN
0040-0149
Abstract
Comments on HMRC's reaction to Lobler v Revenue and Customs Commissioners (UT) on high unexpected tax liability for a taxpayer who partly surrendered life policies, which the court remedied by rectification as a mistake. Considers the procedure for taxpayers who make similar mistakes to ask HMRC for recalculation.

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