VAT – MTIC FRAUD (CONTRA-TRADING) – HMRC denied input tax claim in the sum of pounds 1,063,650 in respect of two supplies of mobile phones – Appellant conceded that the supplies were connected with fraudulent VAT losses but denied knowledge – Did the Appellant know or should have known that its transactions were connected to fraudulent evasion of VAT – Yes – Appeal dismissed
[2011] UKFTT 93 (TC)
Bailii
England and Wales
VAT
Updated: 16 January 2022; Ref: scu.442818