- The FTT dismissed Splend SPV (UK) Ltd’s appeal against VAT late payment penalties.
- The company failed to prove it had not received the penalty notices.
- Cashflow issues due to delayed VAT refunds were not accepted as a reasonable excuse for late payment.
- The FTT found no grounds for a special reduction in penalties.
- The appeal was rejected and the penalties upheld.
Source: claritaxnews.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.
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