FTTTx Income Tax/Corporation Tax : Penalty – Sch 24 FA 2007 penalty – (1) whether SA return inaccurate by inclusion of share loss relief claims under s 131 ITA 2007 – (a) time-bar issue, whether condition precedent met with an effective claim under s 24 TCGA – (b) formality issue, whether s 42(2) of TMA prevails – Sch 1A and Sch 1B to TMA – Rouse, Cotter, Derry and De Silva considered – (2) whether inaccuracy ‘deliberate’ or ‘careless’ on the taxpayer’s part – (3) whether reasonable care taken to avoid inaccuracy – para 18 Sch 24 on ‘agency’ – appeal allowed in part
Citations:
[2017] UKFTT 793 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 02 April 2022; Ref: scu.600935
