In David Love Marketing v HMRC [2015] UKFTT 506 (15 October 2015) the FTT allowed the taxpayer’s appeal against the cancellation of its registration.
David Love Marketing (DLM) had been involved in the yacht business for over 40 years when in December 2013 HMRC cancelled its VAT registration with effect from 23 June 2010 on the basis that the company was no longer carrying on any business activities. As a result of the cancellation HMRC issued an assessment on 30 July 2014 to recover input tax which the appellant had reclaimed for the 07/10 to 04/13 VAT periods. HMRC also charged DLM for careless inaccuracies in its returns for the relevant periods.
The FTT noted that there was no restriction to its jurisdiction in relation to an appeal under VATA 1994 s 83(1)(a) so that it should come to its own decision on the basis...
