BELATED NOTIFICATION PENALTY – Mitigation – Appellant overpaid income tax by reason of his failure to register for VAT – Overpaid income tax not reclaimable – Penalty imposed after reclaim became time-barred – Irrecoverable income tax greater than penalty – Whether proper to mitigate penalty to nil amount – Yes – VATA 1994 s.70
[2012] UKFTT 499 (TC)
Bailii
England and Wales
Income Tax
Updated: 18 January 2022; Ref: scu.466139
