Curtises Ltd v Revenue and Customs (Vat – Penalties : Other): FTTTx 20 Apr 2018

VALUE ADDED TAX – penalty for failure to take reasonable steps to notify the Respondents of an under-assessment – penalty equal to 15% of the ‘potential lost revenue’ – definition of ‘potential lost revenue’ discussed – consideration of whether there were ‘special circumstances’ and whether the penalty was disproportionate – penalty upheld

Citations:

[2018] UKFTT 227 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

VAT

Updated: 10 July 2022; Ref: scu.609260