VDT VAT DEFAULT SURCHARGE: Payment on account trader – Reasonable Excuse for not paying VAT by the due dates – Trader arranged for payments to be made by same day CHAPS transfer before the agreed cut-off time – bank delayed payment unable to authenticate the fax instruction – the trader supplied a list of four people to cover this eventuality – satisfied the trader exercised due diligence and reasonable foresight – reasonable excuse – Appeal allowed – costs limited to out of pocket expenses.
Citations:
[2008] UKVAT V20560
Links:
VAT
Updated: 13 July 2022; Ref: scu.264552