Avoidance schemes: negligence in submitting tax returns | Practical Law

Avoidance schemes: negligence in submitting tax returns | Practical Law

The First-tier Tribunal has held that a taxpayer had not been negligent in filing its tax return even though it had not sought further verification of matters or independent advice in relation to a tax avoidance scheme.

Avoidance schemes: negligence in submitting tax returns

Practical Law UK Articles 4-605-5131 (Approx. 3 pages)

Avoidance schemes: negligence in submitting tax returns

by Norton Rose Fulbright LLP
Published on 26 Mar 2015United Kingdom
The First-tier Tribunal has held that a taxpayer had not been negligent in filing its tax return even though it had not sought further verification of matters or independent advice in relation to a tax avoidance scheme.