Wai v Revenue & Customs [2013] UKFTT 133 (TC) (19 February 2013)

Wai v Revenue & Customs [2013] UKFTT 133 (TC) (19 February 2013)

The Tribunal found that the appellant had not complied with the Information Notice as required by law, as redacted bank statements and lack of property financing details did not satisfy the notice. The penalties imposed were within statutory limits and reasonable. The appeal was dismissed.

Citation
[2013] UKFTT 133 (TC)
Parties
Appellant: Wai Yan Chan; Respondents: The Commissioners for Her Majesty’s Revenue & Customs
Jurisdiction
United Kingdom
Judgment Date
19 February 2013
Procedural Posture
Income Tax Penalty Appeal / First Tier Tribunal (tax) Substantive Decision
Outcome
Appeal dismissed
Legal Topics
Income Tax, Penalties, Information Notice, Finance Act 2008, Schedule 36
Tax Law Income Tax Penalties Information Notice Finance Act 2008 Schedule 36

Case Brief

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Parties

Wai Yan Chan

Appellant

The Commissioners for Her Majesty’s Revenue & Customs

Respondents

Procedural Posture

Income Tax Penalty Appeal / First Tier Tribunal (tax) Substantive Decision

Legal Issues

  1. 1 Whether the appellant complied with the Information Notice under Schedule 36, Finance Act 2008
  2. 2 Whether the penalties imposed under paragraphs 39 and 40 of Schedule 36, Finance Act 2008 should be upheld

Ratio Decidendi

The Tribunal found that the appellant had not complied with the Information Notice as required by law, as redacted bank statements and lack of property financing details did not satisfy the notice. The penalties imposed were within statutory limits and reasonable. The appeal was dismissed.

Court Disposition

Appeal dismissed

Orders

  • No order as to costs