cockney cabby wrote:
Could London Cabbies be the best at Tax evasion? Possibly? if this person is typical of the London Cabbie?
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COY v KIME (HMIT) (1986)
Ch D (Finlay QC)
TAX
INCOME TAX ASSESSMENTS : TAXI DRIVER : SCHEDULE D CASE I : RECORDS OF TAKINGS NOT ACCURATE
General Commissioners justified in increasing income tax assessments made on a taxi driver under Sch.D Case I
General Commissioners were justified in increasing income tax assessments made on a taxi driver under Sch.D Case I, being satisfied that the records of weekly takings kept by the taxpayer were not accurate.
"The taxpayer was a London taxi driver". He kept a notebook that he wrote up on finishing work each night, but did not enter individual fares in it. One notebook in evidence showed takings of £24 - £25 per night. His income & expenditure accounts for the years 1981-1985 showed net profits between £2,523 & £3,363.
The inspector refused to accept accounts for the 2 later years & raised further assessments. On appeal the General Commissioners decided that they were not satisfied that the notebooks were an accurate record of the taxpayer's takings, & determined the assessments in amounts greater than those contended for by the taxpayer but less than those put forward by the tax inspector.
HELD: On the material before them the Commissioners were entitled to conclude as they had. They had not erred in law & there were no grounds for saying that the further assessments were not validly made. The taxpayer's appeal was dismissed.
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