MAN (93/138)

No. 10,697

Decision given 22 June 1993.

Serious misdeclaration penalty – Sale of commercial property where option to tax had been exercised without including VAT – Ignorance of law – Whether reasonable excuse – Interest – Interest calculated at 17.5 per cent on tax inclusive sum instead of 7/47ths by agreement between the parties – Whether interest could be reduced – Finance Act 1985, s. 14 and 18.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.