DEFAULT SURCHARGE – Reasonable excuse – Insufficiency of funds – Appellant’s customers included foreign embassies, NHS trusts, local government, Immigration Advisory Service – Invoices paid months or as much as year overdue – Serious effect on cash flow causing insufficiency of funds – Whether reasonable excuse – appeal allowed in part – VATA 1994, ss 59(7)(b), 71(1)(a)
Citations:
[2003] UKVAT V18146
Links:
Jurisdiction:
England and Wales
VAT
Updated: 28 July 2022; Ref: scu.221166