FTTTx VAT – penalty for inaccurate return under schedule 24 Finance Act 2007 – admittedly careless error – whether disclosure was ‘prompted’ or ‘unprompted’ – disclosure made at a time when HMRC had already booked a repayment return verification visit, but would have been made irrespective of that visit – whether Appellant at the relevant time had ‘no reason to believe’ that HMRC were ‘about to discover’ the inaccuracy – held no – disclosure therefore ‘prompted’ within paragraph 9, schedule 24 Finance Act 2007 – whether penalty should be suspended – held no, even if original HMRC decision might arguably have been flawed – appeal dismissed
Kevin Poole TJ
[2013] UKFTT 292 (TC)
Bailii
England and Wales
VAT
Updated: 17 November 2021; Ref: scu.513469
