In R Grint v HMRC [2019] UKUT 28 (29 January 2019) the UT found that there had been no change of basis period as the condition in ITTOIA 2005 s 217 was not met.
Mr Grint a successful actor had used an accounting date of 31 July each year drawing up annual accounts to that date. His basis period coincided with the period covered by those annual accounts. He wished to change his accounting date to 5 April instead of 31 July.
The issue was whether by changing his accounting date Mr Grint had advanced his tax liability prior to the introduction of a higher rate of tax for the following tax year.
The UT referred to the FTT’s finding that Mr Grint had made up ‘accounts’ to two dates in 2009/10: the ‘Long Accounts’ and 2010 Schedule Accounts were made...
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In R Grint v HMRC [2019] UKUT 28 (29 January 2019) the UT found that there had been no change of basis period as the condition in ITTOIA 2005 s 217 was not met.
Mr Grint a successful actor had used an accounting date of 31 July each year drawing up annual accounts to that date. His basis period coincided with the period covered by those annual accounts. He wished to change his accounting date to 5 April instead of 31 July.
The issue was whether by changing his accounting date Mr Grint had advanced his tax liability prior to the introduction of a higher rate of tax for the following tax year.
The UT referred to the FTT’s finding that Mr Grint had made up ‘accounts’ to two dates in 2009/10: the ‘Long Accounts’ and 2010 Schedule Accounts were made...
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If you do not subscribe but are a registered user, please enter your details in the following boxes:
