- Appeal against denial of input tax deduction of £551,695 within VAT accounting periods
- Disputed decision based on supplies of goods and services from companies controlled by a convicted money launderer
- Penalties totaling £126,186 imposed in addition to assessment appeal
- Respondents claim no supplies were made or were substantially overstated
- Allegations of fraud and knowledge of fraudulent transactions by the Appellant
- Assessment based on payments made to bank accounts controlled by the money launderer
- Respondents assert best judgement assessment and deliberate loss of VAT by the Appellant or their representative
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.
