Reasonable excuse and special circumstances explaining late payment of tax
In George Seaborn v HMRC (TC03226 – 16 January 2014) the taxpayer had been imposed a penalty for late payment of tax. His contention was that HMRC had not provided him with a statement of the tax due in time for him to pay the tax within the deadline.
Mr Seaborn had sumitted his tax return without information relating to the disposal of shares in a company as this information had not been finalized by his accountant (despite his repeated chasing). As soon as the information had been ready Mr Seaborn had forwarded it to HMRC indicating that it should be added to his return. Having received an assessment for 50p of tax Mr Seaborn waited for a second assessment reflecting the additional information he had supplied. He never received it and so did not pay...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Reasonable excuse and special circumstances explaining late payment of tax
In George Seaborn v HMRC (TC03226 – 16 January 2014) the taxpayer had been imposed a penalty for late payment of tax. His contention was that HMRC had not provided him with a statement of the tax due in time for him to pay the tax within the deadline.
Mr Seaborn had sumitted his tax return without information relating to the disposal of shares in a company as this information had not been finalized by his accountant (despite his repeated chasing). As soon as the information had been ready Mr Seaborn had forwarded it to HMRC indicating that it should be added to his return. Having received an assessment for 50p of tax Mr Seaborn waited for a second assessment reflecting the additional information he had supplied. He never received it and so did not pay...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
