CORPORATION TAX, VALUE ADDED TAX – penalties – inaccuracies in tax returns – cash sales largely not recorded – were inaccuracies deliberate on the second and third appellants’ parts? – yes – were they attributable to the first appellant? – yes – did the penalty percentages reflect the quality of disclosure? – yes – was it right to reduce the penalties because of special circumstances affecting family of first appellant? – yes – did the Tribunal have the power to do so? – yes – appeal allowed in part
Citations:
[2020] UKFTT 233 (TC)
Links:
Jurisdiction:
England and Wales
Corporation Tax
Updated: 06 February 2022; Ref: scu.652259