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Assessments and penalties upheld for undisclosed bank account and suppressed cash takings

By Mark McLaughlin, July 2022

HMRC assessments and penalties were upheld after a business was found to have operated a second undisclosed bank account and suppressed cash takings.

The appellant operated a Thai restaurant as a sole trader. HM Revenue and Customs (HMRC) conducted a ‘test meal’ at the restaurant on 11 February 2016. HMRC subsequently opened an enquiry into the appellant’s tax return for 2014/15 and requested information and documents relating to the restaurant. HMRC later also opened an enquiry into the appellant’s tax return for 2015/16.

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