Assessment – Sale of used cars – Underdeclaration of output tax – Whether assessment out of time – Whether assessment invalid – Value Added Tax Act 1983, Sch. 7, para. 4(5).
The appellants carried on the business of second-hand car dealers. On a visit to their premises the suspicions of an officer of the Commissioners were aroused by the small number of part-exchange transactions recorded. He collected the appellants’ stock book from their accountant and returned it several months later. p. 205265 →