VAT – INPUT TAX – HMRC denied input tax claims totalling pounds 1,048,337.50 in respect of 12 transactions of mobile phones- Was there a VAT Loss? – Yes – Was the loss fraudulent? – Yes – Were the Appellant’s transactions connected with the fraud? – Yes – Did the Appellant know or should have known that its transactions were connected to fraudulent evasion of VAT? – Yes the Appellant knew – Appeal dismissed
Citations:
[2012] UKFTT 616 (TC)
Links:
VAT
Updated: 24 July 2022; Ref: scu.466166