Assessments for VAT on under declared takings – assessments in time and to best judgment – assessments not displaced and upheld – penalty for deliberate and concealed inaccuracies – held neither but inaccuracies were careless – penalty reduced.”
This is a VAT case. The respondents (or “HMRC”) believe that the appellant has deliberately suppressed his takings for the VAT periods 06/11 to 06/16 inclusive (the “periods”) and that he had concealed this suppression from HMRC. They have raised VAT assessments for each of those periods which amount, in total, to £36,585 (the “VAT assessments”). They have also assessed the appellant to a penalty (the “penalty”) under Schedule 24 Finance Act 2007 (“Schedule 24”) for £27,440 on the basis of deliberate and concealed behaviour (the “penalty assessment”).
Source: bailii.org
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