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Contra-Dict

Chris Reece, of Ernst & Young, brings us more VAT Tribunal summaries. This week he covers 20781 – 20797. These are up-to-date to 19 September 2008

 
Chris Reece of Ernst & Young brings us more VAT Tribunal summaries. This week he covers 20781 20797. These are up-to-date to 19 September 2008
Contra-trading
 
HMRC established to the Tribunal's satisfaction that there had been numerous fraudulent transaction chains whereby a series of companies would import mobile telephones to the UK and sell them via buffer companies to a company called Future which would then export them. The importing companies would disappear without accounting for their output tax. Future would not make input tax claims; instead it would itself...

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