The First Tier Tribunal (FTT) has upheld discovery assessments worth £136,4425.10 and penalties of £69,159.75 issued to property developer Tom Nash ruling that he had ‘failed to declare any of his self assessment income’ from 2005 to 2013.  

The Tribunal also upheld the £12,580 closure notice for the tax year of 2013-14 and the £4,399.69 penalty ruling that Nash had knowingly submitted an inaccurate self assessment return.

Nash registered himself as a self-employed property developer in 2006 after he moved to the UK from Iran in 2005 and submitted self assessment tax returns from the 2006-07 tax years onwards.