VALUE ADDED TAX – penalties – paragraph 1 Schedule 24 Finance Act 2007 – Appellant submitted VAT returns showing zero-rated export transactions for which it did not hold evidence of export – whether FTT made findings of fact from which it could properly conclude that inaccuracy was deliberate on Appellant’s part – No – appeal allowed – decision remade and penalty reduced from deliberate to careless
Source: bailii.org
Latest Posts in "United Kingdom"
- UK VAT Rules on Online Prize Draws Face Scrutiny Amid New Voluntary Code and Industry Growth
- How UK Businesses Accidentally Trigger US State Sales Tax Through Ecommerce and Economic Nexus
- Director Liable for VAT Fraud and PAYE/NIC on Withdrawals: Ellis & Anor v HMRC (2026)
- UK VAT Gap Rises to £11.9bn in 2024–25, HMRC Reports 6.5% Shortfall
- Luzha v HMRC: VAT Late Submission Penalties Upheld, No Reasonable Excuse Found, Appeal Dismissed
