VDT VALUE ADDED TAX – three default surcharge – finance director of Appellant perpetrated large scale and complex fraud against the Appellant – the effect of the fraud was to reduce the cash flow of the Appellant and to reduce its profits – whether the Appellant had a reasonable excuse for each of the defaults – yes – appeal allowed – VATA 1994 Ss 59A(8)(a)(ii) and 71(1)
Citations:
[2005] UKVAT V19234
Links:
Jurisdiction:
England and Wales
VAT
Updated: 04 July 2022; Ref: scu.230184