VAT – estimated assessments – s 73 VATA 1994 – best judgment – 64% suppression of takings estimated-available evidence – hidden till records – penalties based on dishonesty – Held – HMRC exercised best judgment- no other basis on which better assessment could be made – appeal dismissed – penalties upheld.
Citations:
[2014] UKFTT 431 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 05 October 2022; Ref: scu.526823