VAT – SECURITY- Protection of Revenue – the Appellant failed to submit VAT returns and pay outstanding VAT – relevant factors for determining reasonableness – quantum of security included outstanding arrears – Respondents aware that outstanding arrears may exaggerate the Appellant’s liability for VAT – Respondents did not consider whether the amount of security was proportionate to the risk posed by the Appellant- whether Respondents’ actions in requiring a security reasonable – No – Appeal allowed – VAT ACT 1994 Schedule 11 p 4(1) – direction for costs
Citations:
[2006] UKVAT V19492
Links:
Jurisdiction:
England and Wales
VAT
Updated: 18 July 2022; Ref: scu.239025