In a case about Tax Losses and Fraudulent Evasion of VAT, the Tribunal dismissed the appeal against a company officer’s liability penalty of £107,306.55 imposed by HMRC, finding that appelant knew or should have known that the transactions of his company were connected with the fraudulent evasion of VAT.
The Tribunal found that Loy’s actions were attributable to Mr. Turner, as he was the director and controlling mind of Loy, responsible for all the relevant transactions. The Tribunal’s findings that Mr. Turner knew or should have known of the connection to fraud were also attributed to him in his capacity as Loy’s director.
Source: bailii.org
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
