VALUE ADDED TAX – Penalties – Schedule 24 FA2007 – inaccuracies in appellant’s partial exemption calculations – whether inaccuracies as a result of careless actions – held yes – whether special reduction appropriate – held no – whether decision not to suspend the penalties was flawed – held yes – HMRC ordered pursuant to paragraph 17(4)(a), Sch. 24, FA 2007 to suspend the penalties – appeal allowed to that extent
[2012] UKFTT 290 (TC)
Bailii
England and Wales
VAT
Updated: 11 November 2021; Ref: scu.462713