VAT DEFAULT SURCHARGE: Was the default surcharges for the periods ending 31.12.04 and 31.3.05 correctly assessed? – Yes – because the respondents had not withdrawn the default for the period ending 31.8.04 – Reasonable Excuse for not paying VAT on time for periods ending 31.12.04 and 31.3.05 – Appellant prevented from completing accurate VAT returns because of late delivery of purchase invoices – A prudent business person acting with due diligence and reasonable foresight would have attempted to find a solution to the problem of late purchase invoices – no reasonable excuse- Appeal dismissed.
Citations:
[2006] UKVAT V19566
Links:
Jurisdiction:
England and Wales
VAT
Updated: 18 July 2022; Ref: scu.241861