PENALTIES CANCELLED OVER VALID NOTICE

摘要

Trustees of the Paul Hogarth Life Interest Trust 2008 v Revenue & Customs [2018] UKFTT 595 considered an appeal by the trustees of the Paul Hogarth life interest trust 2008 against penalties for the failure to deliver a return for the tax year 2010-11 by the due date. The trust is an interest in possession trust (IIP) where the income is, by mandate of the trustees, paid directly to the life tenant, and is not received by the trustees.