VAT – SECURITY – Protection of Revenue – The Appellant company taking on the director and business of an insolvent company with VAT debts of in excess of pounds 350,000 – the size of security, although bearing no relationship to the Appellant’s existing VAT liability, was primarily based on the tax liability of the insolvent company – whether Respondents’ actions in requiring a security reasonable – Yes – was the size of the security proportionate to the risk – Yes – Appeal dismissed – VAT ACT 1994 Schedule 11 p 4(1).
[2006] UKVAT V19852
Bailii
England and Wales
Updated: 29 September 2021; Ref: scu.246190 br>