A UK court on Thursday upheld a higher penalty imposed by the tax authority on an alcohol trading company for deliberately suppressing sales.
His Majesty’s Revenue and Customs only needed to prove New Claire Wine Ltd.'s understatement of its tax liability was “deliberate,” and such conclusion doesn’t require proof of “dishonesty,” according to the Upper Tribunal’s ruling.
New Claire Wine’s directors challenged a January 2024 First-Tier Tribunal decision, which found the company understated its sales in corporation tax and value-added tax returns. HMRC made a combined tax claim of £427,310 ($570,287).
HMRC opened the claims asserting the ...
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