VAT – default surcharge – company believing it had been told that it had 5 additional business days to pay VAT – bank error further delaying receipt of VAT by Commissioners – section 59(7) VAT Act 1994 – reasonable excuse – reasonable expectation of receipt on time.
Citations:
[2006] UKVAT V19464
Links:
Jurisdiction:
England and Wales
VAT
Updated: 18 July 2022; Ref: scu.238977