FTTTx Value Added Tax – Assessment of VAT on the Appellant for periods after he had claimed to have retired and sold his business, based on the two facts that he had continued for the periods in contention to pay the Income Tax on the profits of the business, and that the Income Tax returns demonstrated that the gross turnover of the business was (marginally) in excess of the VAT compulsory registration thresholds for the periods in question – Genuine uncertainty about the facts – Appeal dismissed but accompanied by a firm plea that HMRC should show very considerable restraint in enforcing payment of the tax, and the penalty in question.
Citations:
[2009] UKFTT 314 (TC)
Links:
VAT
Updated: 17 August 2022; Ref: scu.409096
