VDT Registration – whether appellant had exceeded registration limits -question whether trader had suppressed profits – trader acknowledged that profits had been suppressed but argued these did not result in registration levels being attained – best judgement assessment resulted in registration and assessment to VAT – was assessment to best judgement – yes – question as to quantum – tribunal disagreed with formula adopted and requested Respondents to recalculate adopting a different method – appeal allowed as to quantum – no decision about registration which will turn on revised figures -hearing adjourned for figures to be agreed between the parties – parties to apply for re listing before the same chairman and member if they fail to agree upon the revised figures
Citations:
[2004] UKVAT V18550
Links:
VAT
Updated: 10 June 2022; Ref: scu.195943