VAT – PENALTIES – default surcharge – promise by bank manager to make payment of VAT in time although taxpayer’s bank account would become overdrawn beyond agreed limit – taxpayer relied upon promise – payment made two days late – taxpayer having reasonable excuse for believing payment would be made in time – appeal allowed
Citations:
[2006] UKVAT V19862
Links:
Jurisdiction:
England and Wales
VAT
Updated: 13 November 2022; Ref: scu.246168