Taxpayers lose appeal for suspension of penalties for “careless” BADR claim

Taxpayers lose appeal for suspension of penalties for “careless” BADR claim

Tax disputes about Business Asset Disposal Relief always catch my eye, such as the Cox v HMRC appeal. The case may have been decided a few months ago but it’s one that taxpayers and tax agents can learn from. It centres on fines of more than £32k for “carelessness” and the issue of how the rules for suspension of penalties should be interpreted. Here, I examine the dispute and share my thoughts and reaction. Background to the Cox v HMRC tax appe…