VAT – PENALTIES – default surcharge – extra seven days allowed for payment of VAT by electronic means – intended same-day payment by CHAPS – written instruction given to bank for payment on seventh day by that means – unanticipated failure of bank to process instruction – held reasonable for taxpayer to have expected payment to be made in time – appeal allowed
Citations:
[2005] UKVAT V19169
Links:
Jurisdiction:
England and Wales
VAT
Updated: 02 June 2022; Ref: scu.229932