A late appeal against an almost £700,000 penalty payment to HRMC for unpaid corporation tax has been dismissed at the First Tier Tribunal (FTT).

Charles Caton, former director and owner of a pub called The Grove SW 19 in South Wimbledon sold the property in 2012 for £1m, and ‘deliberately failed to account for corporation tax gains made on the sale of real property’ under section 455 of Corporation Tax Act 2010. 

There was also a car park attached to the property, which Caton still owned up until 2015 when he sold it for £1.1m. Additionally, he was informed the company would owe the VAT for all of the car parking fees from 2009-15, which were paid in cash through the till in the pub. This penalty amounted to £768,109.60.