Commentary

PN/23/03 Customs announce win in VAT “Missing Trader” Tribunal case

Part V16 Forms and other HMRC material

PN/23/03 Customs announce win in VAT “Missing Trader” Tribunal case

PN/23/03 Customs announce win in VAT “Missing Trader” Tribunal case

Press Notice 23/03. 30 April 2003

Customs today won an important VAT & Duties Tribunal decision in respect of Bond House Systems Limited and reinforced Customs' crackdown on Missing Trader Intra-Community (MTIC) VAT fraud.

The case concerned a complex legal and evidential issue of whether business transactions entered into by Bond House Systems Ltd amounted to economic activity. Customs contended that as the goods involved were repeatedly traded within a group of companies, without being sold to an end user, there was no true economic purpose to the transactions. Customs further contended

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