VDT VAT – SECURITY – Protection of Revenue – company directors involved in another company which had gone into liquidation owing considerable sums in VAT – the Appellant had a poor record of VAT compliance and payment including a large VAT debt – the Appellant used its VAT revenues to ease its cash flow difficulties – the Appellant had taken steps to remedy its compliance record after the issue of the Notice for Security – whether Respondents’ actions in requiring a security reasonable – yes – appeal dismissed – VAT ACT 1994 Schedule 11 p 4(1)
Citations:
[2005] UKVAT V19356
Links:
VAT
Updated: 04 July 2022; Ref: scu.238062
