CONSTRUCTION INDUSTRY SCHEME – partnership changed to Limited Liability Partnership – LLP took on a further partner and changed its year end- appellant relied on accountant to finalise the accounts and advise amount of tax due- accountant failed to appeal removal of gross payment status – further accountants instructed for LLP – LLP suffered a substantial bad debt when MFI went into receivership – appellant alleged reasonable excuse for failure to pay income tax and penalties giving rise to non-compliance -appeal dismissed – no reasonable excuse.
Citations:
[2010] UKFTT 321 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax, Construction
Updated: 04 July 2022; Ref: scu.422307