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An international business tried to persuade a local food manufacturer to make an incorrect claim for input tax.
KEY POINTS
- Import entry for a machine was declared as bought by a customer that had not purchased it.
- VAT rules for input tax on imported goods are in Notice 702.
- It may be worth contacting HMRC if a technical dispute arises between two businesses.
- Big businesses do not always know how the VAT tax system works.
There are times in the tax world when Goliath tells David what to do but David has to dig in his heels and refuse to play ball because he knows that Goliath is wrong. In fact if he agrees to do what Goliath is saying he will receive a big VAT bill and possible penalty from HMRC. This is a big incentive for David to reach for his catapult and fight his corner.
This...
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