SP Wound Components v Revenue and Customs: VDT 26 Oct 2006

VAT – PENALTIES – default surcharge – electronic payment by method resulting in receipt of tax later than 7 calendar days after the due date – repetition of circumstances of previous late payment – taxpayer warned on previous occasion of need to ensure tax received within the 7-day concessionary period – cash-flow difficulty not such as to provide reasonable excuse having regard to statutory exclusion – no reasonable excuse apparent – appeal dismissed

Citations:

[2006] UKVAT V19836

Links:

Bailii

Jurisdiction:

England and Wales

VAT

Updated: 05 April 2022; Ref: scu.246181