Millennium Energy Trading Ltd v Revenue and Customs (VAT – Scrap Metal Transactions): FTTTx 24 Oct 2018

VALUE ADDED TAX – scrap metal transactions undertaken by appellant -denial of input tax – the appellant did not dispute that there was a tax loss, that the tax loss resulted from fraudulent evasion of VAT and that the transactions were connected with fraudulent evasion of VAT – did the appellant know or should it have known that the transactions were so connected – yes – appeal dismissed – decision by HMRC to deregister appellant for VAT – whether correct on basis that registration probably connected to fraud – yes – appeal dismissed

Citations:

[2018] UKFTT 633 (TC)

Links:

Bailii

Jurisdiction:

England and Wales

VAT

Updated: 24 October 2022; Ref: scu.632356