A lower UK court incorrectly disallowed assessments and penalties issued by HMRC because of an error in its investigation of an individual’s alleged sales tax evasion, a UK court ruled. The error didn’t constitute HMRC failing to use its “best judgment” assessing £25 million ($32 million) against Parul Malde and two companies, which then didn’t provide the First-Tier Tribunal justification for setting aside the amount, the Upper-Tier Tribunal said.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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