Notice of requirement to provide security – whether the decision to require security of the specified amount was reasonable even though the director of the Appellant had no history of allowing companies of which he was a director to become insolvent whilst owing money to the Respondents and the Appellant had shown by its past actions that it took its tax obligations seriously and intended eventually to discharge its VAT arrears – yes – because persistent late payment by a taxpayer raises the risk that, despite its best intentions, the taxpayer will eventually be unable to pay its liabilities in full
[2021] UKFTT 233 (TC)
Bailii
England and Wales
Updated: 07 October 2021; Ref: scu.663755 br>