VALUE ADDED TAX – input tax – denial of right to deduct on grounds of alleged knowledge or means of knowledge of fraud by others – alleged defaulter and contra-trading – whether defaulter chains constructed by HMRC led to losses – yes – whether losses fraudulent – yes – whether connection between appellant’s transactions and losses – – yes – whether appellant had knowledge of connection between its transactions and fraudulent evasion of VAT – yes – whether appellant should have known that only reasonable explanation for circumstances in which its transaction in contra-trading transaction took place was that it was connected to fraudulent evasion of VAT – yes – appeal dismissed
Citations:
[2011] UKFTT 529 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 03 September 2022; Ref: scu.449491
