INCOME TAX – penalties issued under Schedule 24 – in their personal tax returns for successive years the Appellants had claimed the expense of making significant contributions into an offshore remuneration trust but neither Appellant made such a payment or incurred a liability to contribute – whether there was a inaccuracy in a document which led to a loss of tax – yes – whether inaccuracy deliberate – yes – penalties confirmed
[2020] UKFTT 291 (TC)
Bailii
England and Wales
Updated: 20 September 2021; Ref: scu.652740 br>