VALUE ADDED TAX – default surcharge – two payments made one day late – trader’s mistaken understanding as to time taken for electronic transfer of funds – whether reasonable to expect payment to be received by HMRC by due date – held, no – in absence of reasonable excuse, no basis for adjusting or cancelling surcharges – appeal dismissed
Citations:
[2014] UKFTT 460 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 08 September 2022; Ref: scu.526822