CH191260 - Publishing details of deliberate tax defaulters: Partnerships: Example for IT, CGT and CT
A compliance check of a partnership return for the year ended 5 April 2015 reveals a deliberate and concealed inaccuracy. »Ê¹ÚÌåÓýapp additional profits are allocated to the partners in the proportions shown in the partnership agreement. »Ê¹ÚÌåÓýappse additional profits give the following qualifying potential lost revenue (PLR) for the individual partners.
| Partner | Qualifying PLR |
|---|---|
| Joseph | £21,000 |
| Sophie | £12,000 |
| Isobel | £32,000 |
| James King Ltd | £35,000 |
Each partner has incurred a qualifying relevant penalty (a relevant penalty for a deliberate and concealed inaccuracy in the partnership return for which the full reduction for quality of disclosure has not been given - see CH190704).
»Ê¹ÚÌåÓýapp qualifying PLR (the PLR relating to that qualifying relevant penalty - see CH190724) is less than £25,000 for each of two of the partners - Joseph and Sophie. We cannot publish any details about these two partners.
»Ê¹ÚÌåÓýapp qualifying PLR is more than £25,000 for each of the other two partners - Isobel and James King Ltd. We can publish details about this relevant penalty for these two partners.