FTTTx VAT default surcharge – course of dealing with bank relying on end of day settlement to cover payments within group – new bank manager refusing to process CHAPS payment – reasonable excuse due to lack of funds – no – reasonable to expect that VAT would be received within appropriate time due to established course of dealing – yes – appeal allowed.
Citations:
[2014] UKFTT 90 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 16 May 2022; Ref: scu.521703
