HOUGHTON v THE COMMISSIONERS FOR HER MAJESTY’S REVENUE & CUSTOMS
[2014] Lloyd's Rep FC Plus 14
FIRST-TIER TRIBUNAL (TAX CHAMBER)
Before Anne Redston (Tribunal presiding member)
Money Laundering Regulations 2007 – Penalty for failure to register – Whether HMRC were precluded from issuing a penalty – Whether the penalty structure is effective, proportionate and dissuasive – Whether the penalty levied on the appellant was appropriate.