Belated Notification Penalty: Reasonable excuse: Miscellaneous reasonable excuse claims
Please see the Compliance Handbook CH70000 for more details about the new failure to notify penalty.
Tribunals have not accepted reasonable excuse in the following areas
- no Revenue loss
- no intention to evade tax
- pressure of work
- oversight or misunderstanding between partners or directors
- reasons which amount to mitigating circumstances, or
- inexperience of business affairs.