“When ‘white space’ disclosure can help the taxpayer” by Steven Porter, Partner, Head of Tax Disputes and Investigations at Pinsent Masons

Steven Porter explains all, with reference to a recent tribunal ruling.

A recent case in the first-tier tax tribunal (FTT) provides lessons for taxpayers on when it is appropriate to make ‘white space’ disclosures in UK tax returns.

In the case in question the taxpayers, acting through their agent, were found to have been careless in completing the tax returns despite disclosure in the white space on the returns. There are circumstances in which ‘white space’ disclosure will be helpful, however.

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