FTTTX INCOME TAX – penalty for careless inaccuracy in self-assessment tax return under schedule 24 Finance Act 2007 – carelessness admitted – suspension of penalty – HMRC declined to suspend because of general policy not to suspend penalties for one-off errors – HMRC also did not address suspension condition suggested by Appellant – proposal that Appellant’s self assessment tax returns during next two years be submitted on his behalf by suitably qualified professional adviser – whether HMRC’s decision was flawed – held yes – appeal allowed and order made for HMRC to suspend penalty – no jurisdiction at this stage to lay down terms of suspension, but indication given as to terms considered appropriate
Citations:
[2013] UKFTT 151 (TC)
Links:
Jurisdiction:
England and Wales
Income Tax
Updated: 14 November 2022; Ref: scu.472380
