Director Deemed ‘Passenger’ in Missing Trader Fraud Appeals VAT Penalty and Tax Denials

• A company director with limited business knowledge was involved in a missing trader fraud.
• The company, Zed-UK Ltd, was run by Zishan Choudry from Leeds since 2011.
• Zed-UK Ltd appealed against two HMRC decisions regarding input tax refusal and a VAT penalty.
• A personal liability notice was issued to Choudry but later withdrawn by HMRC.
• The tribunal involved claims against input tax denials and a penalty totaling £253,046.
• Choudry purchased Apple airpods and IT gadgets from Digi C Associates Limited and sold them in Europe.
• Previously, Choudry sold fishing hooks and thermal paste on eBay and Amazon.

Source: accountancydaily.co

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