VAT MISDECLARATION PENALTY AND DEFAULT INTEREST – Input tax claimed on invoice – no taxable supply – no entitlement to claim input tax – no reasonable excuse for misdeclaration penalty – allowed 20% mitigation for co-operation with Commissioners’ investigation – no jurisdiction to entertain the Appeal on default interest – if there is jurisdiction satisfied that the Commissioners assessed the correct amount of default interest – Appeal dismissed except allowing 20% mitigation of the penalty – Appellant liable to pay 80% of the penalty.
Citations:
[2005] UKVAT V19148
Links:
Jurisdiction:
England and Wales
VAT
Updated: 17 July 2022; Ref: scu.229575