VAT – output VAT deliberately under-declared for thirteen VAT periods – assessments – s73 VATA 1994 – prompted disclosure – penalties – Schedule 24 FA 2007 -taxpayer was awaiting a CIS repayment and suffering cash flow difficulties – whether reasonable excuse – no – whether assessments and penalties correctly determined – yes – appeal dismissed
Citations:
[2019] UKFTT 75 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 16 October 2022; Ref: scu.635731