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24 Jan 2008
Comments:4
Mobile phone trader Livewire Telecom has scored a victory against HM Revenue and Customs (HMRC) in its fight to reclaim back its VAT payments.
The Northamptonshire-based firm had originally invoked a Judicial Review process through the High Courts against HMRC after it withheld a seven-figure VAT repayment for eight months under its ‘extended verification’ process (CRN Online, 29 January).
But HMRC refused to repay the VAT and Livewire went to appeal at the official VAT Tribunal in London.
The appeal has now been heard and a judgement handed down, which early reports have indicated reflect a positive result for Livewire and also for other traders in similar positions concerning withheld VAT.
More updates on the judgement to come.
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Do you agree?
not right
i have today just recived a decision not to pay me the input tax i have waited 1 1/2 years for that now what ??????
Posted by steve | 21 Feb 2008
Bal
I do not really see this as a great win for the traders. Its a decision that follows the guildlines set by the ECJ. I think more important decisions should come in the next few weeks.
As Hassan Khan says on the IPT.CC website this is such a small case that it really has no positive effect.
Posted by Bal | 04 Feb 2008
Congratulations
This ruling has many implications for both most of the Traders and HMRC. The ATEC Associates team would like to congratulate Livewire for the outcome of their Tribunal.
Posted by ATEC_Associates | 02 Feb 2008
incodirect
We are owed 7 million pounds by hmrc. They have held our money under extended verification for nearly 2 years without explanation.
I know of nobody else in the world who can do this without accountability but time for hmrc is running out.
At the moment we are judy in the puch and judy scenarion but with the success of livewire judy is fighting back.
away the lads the battle is being won by the honest traders!!!!
Posted by phil cliffe | 25 Jan 2008
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