FTT Upholds VAT Late Payment Penalties in Pertemps Ltd Appeal

• The FTT heard Pertemps Ltd’s appeal against VAT late payment penalties under Schedule 26 of the Finance Act 2021.
• Although HMRC failed to consider possible special circumstances, the tribunal assessed them itself.
• It found no basis to reduce the penalties, noting Pertemps was an experienced, substantial VAT trader.
• The tribunal held that the company’s commercial difficulties and delay in funding or contacting HMRC were not special circumstances.
• Prompt eventual payment and a clean compliance history were not enough to justify penalty reduction.

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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