INCOME TAX – discovery assessments and closure notice in relation to certain deductions claimed as business expenses – expenses in relation to cost of materials disallowed but interest costs allowed – appeal allowed in part – penalties for careless inaccuracies – adjustment to penalties to reflect the outcome of the appeal in relation to the discovery assessments and the closure notice
Citations:
[2019] UKFTT 170 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 31 October 2022; Ref: scu.635746