TaxAdministrationHMRC appeal against VAT fraud in high court

HMRC appeal against VAT fraud in high court

HMRC appeal VAT and Duties Tribunbal fraud win in High Court

The High Court has heard an appeal from HM Revenue & Customs (HMRC) this
week in relation to important VAT fraud wins for traders in the VAT and Duties
Tribunal earlier this year.

Earlier this year, Livewire and Olympia both won major victories in the VAT
and Duties Tribunal against HMRC over withheld VAT repayments, Mobile
News
reports.

The VAT and Duties Tribunal rulings were considered a blow to HMRC’s policy
of withholding VAT repayments from traders because of their ‘means of knowledge’
of fraud elsewhere within their supply chain.

The High Court’s ruling on the appeal, expected in February, could have an
important bearing on whether several hundred million pounds in VAT repayments
are made to more than 1,000 traders, all of whom have had VAT repayments
withheld under HMRC’s ‘means of knowledge’ policy.

Further reading:

Read
the Mobile News story

Related Articles

HMRC appeal rejected in Tottenham Hotspur case

Administration HMRC appeal rejected in Tottenham Hotspur case

2w Emma Smith, Managing Editor
HMRC issues updated Trusts Registration Service guidance

Administration HMRC issues updated Trusts Registration Service guidance

2w Emma Smith, Managing Editor
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

2m Emma Rawson, ATT Technical Officer
‘Improve rather than lose’ disincorporation relief, tax body urges

Administration ‘Improve rather than lose’ disincorporation relief, tax body urges

2m Austin Clark, Reporter
Are you ready for the Trusts Registration Service?

Administration Are you ready for the Trusts Registration Service?

3m Helen Thornley, ATT Technical Officer
Advisers bullish despite Brexit concerns

Accounting Standards Advisers bullish despite Brexit concerns

1y Fraser Simpson, Reporter
Brexit: Five questions accountants should be asking

Accounting Firms Brexit: Five questions accountants should be asking

1y Fraser Simpson, Reporter
UK votes to leave EU – accountancy profession reacts

Accounting Firms UK votes to leave EU – accountancy profession reacts

1y Fraser Simpson, Reporter