Clarke v Revenue and Customs (Income Tax/Corporation Tax : Penalty): FTTTx 13 Mar 2020

INCOME TAX – High income child benefit charge (‘HICBC’) – discovery assessment under s 29 of TMA – penalty for failure to notify liability – Schedule 41 to Finance Act 2008 – appellant unaware of the obligation to notify – HMRC’s policy relating to penalty refunds considered – whether reasonable excuse for failure to notify – yes – appeal allowed

Citations:

[2020] UKFTT 144 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

Income Tax

Updated: 25 November 2022; Ref: scu.650679