The former chancellor, Nadim Zahawi, agreed that he had been ‘careless’ in the completion of his tax return for 2017/18, allegedly in relation to a CGT liability connected to the disposal of shares in his former company, YouGov. The issue of ‘carelessness,’ or what constitutes ‘reasonable care’, comes up regularly in a tax context. The answer will almost always turn on the facts of a particular case; but given the complexities of the UK tax system, a taxpayer taking competent professional advice should generally be considered to have taken reasonable care.
If you are not a subscriber, subscribe now to read this content.
The former chancellor, Nadim Zahawi, agreed that he had been ‘careless’ in the completion of his tax return for 2017/18, allegedly in relation to a CGT liability connected to the disposal of shares in his former company, YouGov. The issue of ‘carelessness,’ or what constitutes ‘reasonable care’, comes up regularly in a tax context. The answer will almost always turn on the facts of a particular case; but given the complexities of the UK tax system, a taxpayer taking competent professional advice should generally be considered to have taken reasonable care.
If you are not a subscriber, subscribe now to read this content.
.tmb-editorspic.jpg?sfvrsn=df04ab27_1)
