A First-tier Tribunal decision encourages failure to make nil tax returns.
In S Jagger v HMRC  UKFTT 0623, the First-tier Tribunal allowed an appeal against HMRC’s decision to impose late-filing penalties. Paradoxically, the decision encourages taxpayers that are between six and 12 months late in making a nil tax return to fail to make the return. By failing to make a return, the £300 late-filing penalty that would be imposed if the return is made after six months is prevented from being imposed after 12 months.
You may access the full article by clicking here.
* First published in Tax Journal on 30 November 2018. Reproduced with permission.
For further information please contact: