- The UK Tax Tribunal ruled on a case involving VAT fraud by a labor supplier.
- The taxpayer, a VAT registered company, claimed input VAT deductions against the loss caused by the supplier’s fraud.
- The Tax Agency denied the deductions, sought deregistration, and imposed penalties, claiming the taxpayer knew or should have known about the fraud.
- The Tax Tribunal disagreed, finding the Tax Agency failed to prove the taxpayer’s knowledge of the fraud.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "United Kingdom"
- Post-Brexit VAT Shifts: Reverse Charge and the New Digital Landscape
- Isle of Wight NHS Trust Wins VAT Exemption Case for Locum Medical Practitioners Supply
- Tribunal Rules on VAT Exemption for Locum Medical Practitioners Supplied by Agencies
- VAT Appeal Dismissed: Nitrous Oxide in Cream Chargers Not Zero-Rated as Food
- FTT Dismisses Akhtar’s Appeal Against HMRC’s Best Judgement VAT Assessments Due to Missing Records
