VALUE ADDED TAX – default surcharge – taxpayer entering into major contract – supplier providing services to enable taxpayer to perform contract – available time-frame very short – supplier failing to provide service – taxpayer able to perform contract only at great additional cost – cash flow adversely affected – inability to meet VAT liability on time – whether reasonable excuse – yes – appeal allowed
Citations:
[2006] UKVAT V19897
Links:
Jurisdiction:
England and Wales
VAT
Updated: 05 April 2022; Ref: scu.247548