VALUE ADDED TAX – input tax – denial of right to deduct on grounds of alleged knowledge or means of knowledge of fraud by others – involved in defaulter and contra-trading – whether appellants had knowledge of connection between their transactions and fraudulent evasion of VAT – yes – whether appellants should have known that only reasonable explanation for circumstances in which certain contra-trading transactions took place were that it was connected to fraudulent evasion of VAT – yes – appeal dismissed
[2012] UKFTT 194 (TC)
Bailii
VAT
Updated: 14 November 2021; Ref: scu.462580