FTT Favors SK Metals: No VAT Fraud Knowledge, Input Tax Restored, Penalties Removed

• SK Metals was found not to have known or should have known about VAT fraud.
• Suspicious factors were reasonably explained.
• Denial of input tax was incorrect.
• Penalties and PLN were dismissed.
• Imperfect due diligence does not mean wilful blindness; the judgment is favorable for MTIC-related cases.

Source: deeksvat.co.uk

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.

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