Taxpayers lose appeal for suspension of penalties for “careless” BADR claim
1 Articles
1 Articles
Taxpayers lose appeal for suspension of penalties for “careless” BADR claim
Tax disputes about Business Asset Disposal Relief always catch my eye, such as the Cox v HMRC appeal. The case may have been decided a few months ago but it’s one that taxpayers and tax agents can learn from. It centres on fines of more than £32k for “carelessness” and the issue of how the rules for suspension of penalties should be interpreted. Here, I examine the dispute and share my thoughts and reaction. Background to the Cox v HMRC tax appe…
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