The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the principles that need to be applied by HMRC when they issue assessments to VAT registered businesses. HMRC are expected to use their 'best judgement' when making a decision to raise an assessment. Please see the Assessments guidance note for more information on assessments.
The principles regarding what constitutes best judgement are taken from a High Court decision in Van Boeckel where the following benchmark was established.
These initial principles have been further clarified in subsequent decisions and in the case CA McCourtie the tribunal laid down three further considerations:
HMRC is expected to consider the following when issuing an assessment:
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