UTTC INCOME TAX – penalty for careless inaccuracy within a self assessment return leading to understatement of liability to tax – appellant in receipt of compensation payment exceeding andpound;30,000 on termination of employment – appellant failed to include payment in tax return – compensation sum subsequently taxed and penalty levied – appeal against penalty – FTT held that appellant had been careless and penalty affirmed – FTT decision upheld and appellant’s appeal dismissed’
[2013] UKUT 575 (TCC)
Bailii
England and Wales
Income Tax
Updated: 29 November 2021; Ref: scu.521026