VATupdate

Great British VAT penalty takeaway

In the Great British Takeaway v HMRC [2022] TC8584, a fish and chip shop failed to overturn a sizeable VAT assessment, including tax penalties levied at 50% of lost tax. The business’s owners failed to convince HMRC that it had a reliable daily till reconciliation process and witness evidence proved unreliable and inadmissible.

Source: rossmartin.co.uk

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