FTTTx CORPORATION TAX – self assessment – returns – penalties – potential lost revenue – substantial losses – whether no reasonable prospect of losses being used to reduce tax liability – burden of proof – extent of evidence – held, in absence of sufficient evidence, that requirement in para 7(5) Sch 24 FA 2007 not met – penalties due – no basis for suspension of penalties – appeal dismissed
[2015] UKFTT 14 (TC)
Bailii
England and Wales
Corporation Tax
Updated: 11 November 2021; Ref: scu.541506
