Company appeal on VAT penalty
Trinity Mirror has successfully appealed against an HMRC penalty for being one day late with a VAT return and payment (albeit this has taken around six years to resolve!) HMRC imposed a £70,900 fine following the late filing and payment, equivalent to 2% of the aggregate value of the defaults.
The company contended that the charge was not compliant with the EU principle of proportionality and was more severe than the gravity of the infringement warranted. The first-tier tax tribunal agreed and ruled that the penalty was “disproportionate” and “plainly unfair”.
Accordingly, the tribunal dismissed the fine.
Date: 27th May, 2014
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