.png)
.png)
17 October 2016
Categories:
Tax cases
ETB (2014) Ltd v CRC, Upper Tribunal (Tax and Chancery Chamber), 30 September 2016
Reasonable excuse for late payment of VAT
The taxpayer ETB had been registered for VAT since 1973. It changed to a group registration in 2013 and in more than 20 years of trading had paid £3.5m in VAT without incurring any penalties. T was a director of the company until it was sold in December 2014.
The company failed to pay the VAT due for accounting period 12/14 on time and HMRC imposed a default surcharge under VATA 1994 s 59. The taxpayer claimed it had a reasonable excuse for the late payment because it did not have enough funds. This had been caused by the sale of the business and T’s illness.
The First-tier Tribunal dismissed the appeal and the case proceeded to the Upper Tribunal.
...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
