Legal News

FTT confirms daily penalties as reliance on advisers held not to be reasonable excuse

Published on: 01 October 2024
Published by a LexisNexis Tax expert

Table of contents

  • Why it matters
  • Case details

Article summary

Tax analysis: In Hill, the First-tier Tax Tribunal (FTT) held that reliance on an adviser was not a reasonable excuse for failing to comply with an information notice, and penalties were upheld without mitigation. The tribunal decided that neither of the appellants took objectively appropriate steps to consider whether it was reasonable to rely on the advisers and the advice provided.

Popular documents