WHAT IS MEANT BY TAKING ‘REASONABLE CARE’-.jpeg

What is meant by taking ‘reasonable care’?

All taxpayers have a responsibility to complete their tax returns correctly, to the best of their ability. However, inevitably, mistakes occur which may not be the taxpayer’s fault; other times the ‘error’ may be deliberate. There is a statutory definition of ‘careless’ which provides that an ‘inaccuracy in a document…

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