VAT DEFAULT SURCHARGE – Reasonable Excuse for not paying VAT on time for period ending 30 September 2006 – Appellant experienced temporary cash flow difficulties because of increased sales – took calculated risk in not paying the full amount due in the mistaken belief that it would not incur a surcharge – not the actions of a prudent business person acting with due diligence and reasonable foresight – no reasonable excuse – Appeal dismissed
Citations:
[2007] UKVAT V20058
Links:
Jurisdiction:
England and Wales
VAT
Updated: 21 October 2022; Ref: scu.250509