Tribunal Upholds HMRC VAT Assessment in Dominion World Limited Appeal

• Dominion World Limited appealed a VAT assessment by HMRC for the periods ending July 2014 to January 2016
• The assessment was revised to £5,387.10 after an arithmetical error was identified
• The Tribunal reviewed extensive documentation, including witness statements and financial records
• Dominion contested the assessment’s validity, claiming it was not made to the best of HMRC’s judgment
• HMRC’s assessment was based on incomplete sales records and disallowed input tax on personal expenditures
• The Tribunal found HMRC’s assessment to be reasonable and based on available material
• The appeal was dismissed, confirming the correctness of the VAT amount due at £5,387.10

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.