Assessment of misdeclaration penalty – Self-billing invoices – Appellant a subcontractor – Main contractor issuing invoices showing incorrect VAT – Procedure to be followed by subcontractor in such circumstances – Value Added Tax (General) Regulations 1985 (SI 1985/886), reg. 12(3) – Finance Act 1985, sec. 14(6)(a).
The issue was the liability to a penalty and a penalty assessment and interest of a subcontractor who accepted from his main contractor a self-billing invoice which was incorrect.
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