FTTTx VAT – INPUT TAX – ASSESSMENT – HMRC denied input tax claims totalling and 206,696 pounds in respect of four transactions involving sales of semi-conductors which resulted in an assessment of 1,501.57 pounds – Was there a VAT Loss? – Yes – Was the loss fraudulent? – Yes – Were the Appellant’s transactions connected with the fraud? – Yes – Did the Appellant know or should have known that its transactions were connected to fraudulent evasion of VAT? – Yes the Appellant should have known – Appeal dismissed
Citations:
[2011] UKFTT 630 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 29 September 2022; Ref: scu.449542
