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In Ernold Ltd v Revenue Scotland [2018] FTSTC insufficiency of funds was held not be a reasonable excuse for a failure to file a Scottish land and buildings transaction tax return. 

 

Land and Buildings Transactions Tax 'LBTT' is the Scottish equivalent to Stamp Duty Land Tax

Late filing and payment penaltes are assessed under the Revenue Scotland and Tax Powers Act 2014 (“RSTPA”)

The FTSTC found that:

Useful guides

Scottish Land and Buildings Transaction Tax

How to appeal a tax penalty

Reasonable excuse

External link

Ernold Ltd v Revenue Scotland [2018] FTSTC

Case report: 

Reasonable excuse: