INCOME TAX / VALUE ADDED TAX– whether FTT erred in not weighing probability of HMRC’s assessment based on unidentified deposits representing appellant’s trading income against appellant’s case – whether FTT erred in contractual interpretation – whether FTT erred in impermissibly reaching own view on original document that had been translated – whether FTT erred in concluding no transaction had taken place and refusing appellant input VAT in circumstances where supplier had been wound up for non-payment of output VAT – appeal allowed in part – case remitted to FTT to address appellant’s argument that deposits could not have been trading income due to lack of trading activity
[2021] UKUT 118 (TCC)
Bailii
England and Wales
Updated: 20 June 2021; Ref: scu.662817