Lancer Scott Ltd v HMRC: VAT Assessment, Penalties, and Time Limit Dispute Dismissed by Tribunal

• The case involves Lancer Scott Ltd appealing against a decision by the First Tier Tribunal (FTT) regarding value added tax assessments and penalties.
• The FTT had dismissed Lancer Scott Ltd’s appeal against a decision by His Majesty’s Revenue and Customs (HMRC) denying entitlement to deduct input tax.
• HMRC claimed Lancer Scott Ltd had claimed input tax on invoices where no goods or services were supplied, with behavior deemed deliberate.
• The assessments totaled £551,695 based on invoices amounting to £3,903,625 linked to Wilfred Folwell, who was convicted of money laundering.
• Penalties of £126,186 were imposed on 25 September 2019.
• The Upper Tribunal considered whether the assessment was issued within the time limit, if the input tax claim was deliberate, if supplies took place, if there was a tax loss, and if penalties were issued in time.
• The appeal was dismissed by the Upper Tribunal.

Source: bailii.org

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.

---

---