[2019] UKFTT 0741 (TC)

Judge David Bedenham

Decision released 9 December 2019

Income tax – Pensions – Whether third-party loan received by member unauthorised member payment – Yes – Whether unauthorised-payment charge and surcharge not just and reasonable – No – FA2004, s. 160, 208, 209, 268 – Whether failure to report unauthorised payment in appellantʼs tax return careless inaccuracy – Yes – Whether penalty under FA2007, Sch. 24, para. 3 should stand – Yes – Charge, surcharge and penalty upheld – Appeal dismissed.

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