AC (Wholesale) Limited v The Commissioners for HM Revenue and Customs: [2017] UKUT 0191 (TCC)

Upper Tribunal Tax and Chancery decision of Mrs Justice Proudman and Judge Sinfield on 12 May 2017.

Read the full decision in AC (Wholesale) Limited v The Commissioners for HM Revenue and Customs: [2017] UKUT 0191 (TCC).

VALUE ADDED TAX – purchases of televisions – transactions connected to fraudulent loss of tax - whether taxable person should have known that its transactions were connected to fraud – whether HMRC required to prove that only reasonable explanation for the transactions is that they were connected to fraud and that there are no other reasonable explanations for transactions than fraud – Axel Kittel v Belgian State and Mobilx v HMRC considered - appeal dismissed

Published 12 May 2017