Self-assessment – penalty – interest – surcharge for late payment of tax – whether insufficiency of funds a reasonable excuse – no – whether taxpayer’s use of funds a reasonable excuse – no – whether HMRC had discretion to mitigate interest – no – whether HMRC had discretion to mitigate surcharge – yes – HMRC’s failure to exercise discretion – whether Tribunal had power to review failure to exercise discretion – no – appeal dismissed.
[2011] UKFTT 119 (TC)
Bailii
England and Wales
Income Tax
Updated: 18 January 2022; Ref: scu.442897
