MISDECLARATION PENALTY – trader completing but failing to submit VAT returns and paying centrally issued assessments for less than the true amount of tax – cashflow difficulties – whether reasonable excuse for misdeclaration – VATA 1994 ss 63, 70 – no reasonable excuse – no mitigation found – appeal dismissed
Citations:
[2006] UKVAT V19849
Links:
Jurisdiction:
England and Wales
VAT
Updated: 06 November 2022; Ref: scu.246172