In D Collis v HMRC (TC01431 – 13 October) HMRC imposed a penalty at the rate of 15% of the evaded tax on an employee (C) who had failed to declare benefits in kind on his return. The First-tier Tribunal upheld the penalty observing that C’s employer had given him a form P11D setting out the benefits in question.
Why it matters: Where an employee has received a form P11D setting out the benefits in kind which his employer has provided for him there is unlikely to be any excuse for failing to declare such benefits on his tax return.
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