Mark Saggers Media Ltd v HMRC

In Mark Saggers Media Ltd v HMRC (TC02815 – 9 August) a company (M) registered for VAT in 2005 and applied to join the flat-rate scheme. HMRC accepted the application. In the year ending 31 March 2010 M’s turnover exceeded the threshold laid down by VAT Regulations SI 1995/2518 reg 55M. In May 2010 HMRC issued a ruling that M was no longer entitled to operate the scheme. M replied stating that it anticipated that its turnover would fall below the threshold in the year ending 31 March 2011 and HMRC agreed that it could continue to operate the scheme. However M’s turnover continued to exceed the threshold in the years ending 31 March 2011 and 2012. In August 2012 HMRC issued a further ruling that M was no longer entitled to operate the scheme. The First-tier Tribunal dismissed M’s appeal. Judge Brannan...