Vat – Penalties : Default Surcharge – VAT default surcharges – payment instructions to bank given on time but receipt of payment by HMRC one day late in each of two defaults – payments made by FPS through bank which was not a direct participant in the Faster Payments Scheme caused delay in processing payments – whether reasonable excuse – no – whether penalty disproportionate – no – appeal dismissed
Citations:
[2017] UKFTT 687 (TC)
Links:
Jurisdiction:
England and Wales
VAT
Updated: 01 April 2022; Ref: scu.598982