VALUE ADDED TAX- – MTIC-sale of mobile phones and CPUs – appellant’s repayment claims of pounds 5,146,446.38 and pounds 887,118.75 respectively refused on grounds that the appellant knew or ought to have known that the transactions were part of an MTIC fraud -11 purchases and sales and two contra trades – appellant in ‘clean chain’ knew that the deals were part of a VAT fraud – appellant failed to attend hearing without good reason -appellant acted unreasonably in failing to attend – costs awarded to respondents – appeal dismissed
Citations:
[2011] UKFTT 328 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 20 November 2022; Ref: scu.443015