The company were said to have kept inadequate VAT Records. The parties disputed the sums due or evaded, and an assessment was only finally issued in 1997, at which point the taxpayer said that the assessment was out of time under section 73(6)(b). Held: The taxpayer’s appeal failed. The limit of one year imposed upon … Continue reading Pegasus Birds Ltd v Commissioners of Customs and Excise: CA 10 Feb 2000
FTTTx Value Added Tax – Assessments under s.73(2) VATA 1994 – Time limit for making assessments – Date when evidence of facts sufficient in the Commissioners’ opinion to justify making assessment, came to their notice – S.73(6)(b) VATA 1994 – Assessments out of time – Appeal allowed Citations: [2009] UKFTT 88 (TC) Links: Bailii Jurisdiction: … Continue reading Sophie Holdings Ltd v Revenue and Customs: FTTTx 6 May 2009
The Excise Commissioners eventually issued an assessment to VAT in 1997 for 1993 after commencing their investigations in 1993. Held: Section 73 did not operate as a full bar to the Commissioners making an assessment after the one year where information was only later obtained. The time limit should run only from the date on … Continue reading Pegasus Birds Ltd v H M Customs and Excise: Admn 27 Nov 1998