DEFAULT SURCHARGE – Reasonable excuse – Shortage of funds – Bank refused to effect VAT payment notwithstanding an ‘unofficial overdraft’ that would have covered the payment – Whether in all circumstances Appellant was justified in relying on the unofficial overdraft – Yes – Whether a reasonable excuse – Yes – Appeal allowed
Citations:
[2005] UKVAT V18948
Links:
Jurisdiction:
England and Wales
VAT
Updated: 02 June 2022; Ref: scu.223173