FTTTx VALUE ADDED TAX – assessment – whether reason to assess trader – yes – whether any evidence to justify amendment of assessment – no – misdeclaration penalty: whether affected by other penalty assessment under Sch 24 FA 2007 – no – held, misdeclaration penalty properly imposed and no reason to adjust – Sch 24 penalty: held, invalid as expressed to cover period before legislation took effect – Direction under para 2 Sch 1 VATA 1994 that businesses to be treated as carrying on single business for VAT purposes: whether HMRC decision unreasonable – no – appeals dismissed but appeal against Sch 24 penalty allowed
[2016] UKFTT 291 TC
Bailii
England and Wales
VAT
Updated: 16 January 2022; Ref: scu.564349