VAT ruling favourable for small businesses
VAT ruling favourable for small businesses
- 1992
- Financial Times 28 July 1992, 6(1) .
The Court of Appeal found that an electrical contractor was not able to pay VAT, which was due, accepting as a `reasonable excuse` the fact that the contractor`s chief customer had paid late. The decision is welcomed by the Federation of Small Businesses.
LATE PAYMENT
REDBRIDGE LBC
SMALL BUSINESSES
VALUE ADDED TAX
The Court of Appeal found that an electrical contractor was not able to pay VAT, which was due, accepting as a `reasonable excuse` the fact that the contractor`s chief customer had paid late. The decision is welcomed by the Federation of Small Businesses.
LATE PAYMENT
REDBRIDGE LBC
SMALL BUSINESSES
VALUE ADDED TAX