Davis and Dann Limited and Precis (1080) Limited v The Commissioners for HM Revenue and Customs: [2013] UKUT 0374 (TCC)
Upper Tribunal Tax and Chancery decision of Judge Gammie and Judge Sadler on 6 August 2013.
Read the full decision in .
VALUE ADDED TAX 鈥� denial of repayment of input tax due to MTIC fraud 鈥� 鈥榞rey market鈥� transaction in razor blades 鈥� nature of and terms on which transactions entered into 鈥� other parties to the transactions unconnected with the fraud 鈥� whether FTT erred in concluding on the facts that the only reasonable explanation for the circumstances in which the taxpayers鈥� purchases took place was that they were connected with fraud 鈥� yes 鈥� whether taxpayers should have been aware of the connection with fraud earlier in the chain of transactions 鈥� no 鈥� appeal allowed.
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Published 1 December 2016