Income tax – Accelerated Payment Notice – Penalty for late payment – Whether reasonable excuse – Yes – Appeal allowed – FA 2014, s. 226, FA 2009, Sch. 56, para. 10 and 16.
The First-tier Tribunal (FTT) allowed a taxpayerʼs appeal against a penalty for the late payment of an accelerated payment notice (APN). The taxpayer was found to have had a reasonable excuse for the failure because he had relied on his accountant and had taken reasonable care to avoid the failure.