- The First-tier Tribunal dismissed YBA Ltd’s appeal against a VAT assessment
- YBA was found to have facilitated VAT fraud and should have known about its connection to fraudulent transactions
- Some appeals regarding specific purchases and sales were allowed
- YBA’s VAT registration was canceled
- YBA primarily operated as a car broker
- HMRC argued that YBA’s transactions were connected to fraudulent VAT evasion
- The tribunal considered extensive evidence, including witness statements and transaction records
- Key legal principles regarding VAT fraud and responsibilities of traders were referenced by the tribunal
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.
