Kuig Property Investments Ltd v Revenue and Customs: FTTTx 19 Sep 2014

VAT – default surcharge – late payment – payment on account regime – no seven day grace period for online payment -discriminatory- funds held in account charged by bank – late payment due to issue with bank – held- Tribunal no jurisdiction to consider concessionary treatment applied by HMRC – no evidence that late payment only due to late release of funds by bank – no reasonable excuse – appeal dismissed.

[2014] UKFTT 906 (TC)
Bailii
England and Wales

VAT

Updated: 21 December 2021; Ref: scu.537259