VDT VAT – SECURITY- Protection of Revenue -Company Director involved in other companies which had poor records of VAT compliance – three of the companies owed considerable sums in VAT – two of which had gone into liquidation – the Appellant company in the same business as the other companies with the same trading address as the two previous companies owned by the director – Appellant company not yet trading – Appellant company set up for a specific contract – the steps taken by the Appellant to minimise financial risk occurred after the issue of the Notice for Security – not relevant to the reasonableness of the decision – Whether Respondents’ actions in requiring a security reasonable – Yes – Appeal dismissed- VAT ACT 1994 Schedule 11 p 4(1).
Citations:
[2005] UKVAT V19410
Links:
VAT
Updated: 04 July 2022; Ref: scu.238029
