Serious misdeclaration – Error in entering cumulative expenditure totals – Error would have been automatically corrected in next return – Annual inspection prior to date of subsequent return – Error discovered by appellant when collecting papers for such inspection – Whether appellant made voluntary disclosure – Finance Act 1985, sec. 14(6).
The issue was whether the appellant had made a disclosure during a routine VAT visit which amounted to voluntary disclosure under the Finance Act 1985, sec. 14(6).
Want to read more?
This content requires a Croner-i Tax and Accounting subscription.