.png)
.png)
Wrong hat
KEY POINTS
- An estate must settle the tax for the administration period before distributing assets.
- HMRC required the executor to file a return under TMA 1970 s 8A.
- Form SA900 must be filed under TMA 1970 s 8.
- The Revenue should have taken a more reasonable approach.
The imposition of penalties for failing to file tax returns on time can come as a shock to executors administering an estate. The decision of the First-tier Tribunal in David Hogg (TC5987) is therefore welcome and may assist executors in a similar position.
Cancelling the penalties the judge said HMRC had failed to use discretion when considering the penalty position even though the legislation afforded it the...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
