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Executive Car Rentals Ltd (TC4640)
The taxpayer applied for its costs following HMRC’s decision to withdraw a penalty for a careless error in its VAT return imposed under FA 2007 Sch 24 on the day before the taxpayer’s appeal against the penalty was due to be heard by the First-tier Tribunal.
The taxpayer had appealed against the penalty on the grounds that the errors were genuine mistakes and led to no tax advantage.
The appeal was due for hearing on 18 November. On 17 November the taxpayer sent HMRC a schedule indicating that output and input tax had been omitted from the return. It was therefore apparent to the Revenue that there was no lost revenue which is necessary to determine the penalty and that the fine would have to be withdrawn.
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