Chancery Division.

Jacob J.

Judgment delivered 30 November 2001.

Income tax – Assessment – Extinguishment of debt – Offer of payment to settle tax liability accompanied by cheque – Revenue banked cheque but refused settlement offer – Whether tax liability extinguished by agreement with Revenue.

  This was a claim by the Revenue for £113,082.18 plus interest in respect of Sch. D income tax, self-assessed tax and surcharges.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.