MAN (91/303)

No. 6748

Decision given 26 November 1991.

Serious misdeclaration penalty – Whether reasonable excuse – Supplies thought by appellant to be taxable in fact exempt – Whether ignorance of the law so basic as not to afford a reasonable excuse – Finance Act 1985, sec. 14(6)(a).

  The issue was whether the appellant had a reasonable excuse for his conduct in circumstances where input tax was disallowed because the supplies which he made were in fact exempt whereas he had thought that they were taxable.

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