Resteel Trading Ltd v Revenue & Customs [2009] UKFTT 236 (TC) (09 September 2009)

Resteel Trading Ltd v Revenue & Customs [2009] UKFTT 236 (TC) (09 September 2009)

There was no legally binding variation of the supply agreement because the required formalities for variation were not met; payment became due 60 days after the invoice dates, and the claim for bad debt relief was therefore made out of time.

Source-derived case information.

Citation
[2009] UKFTT 236 (TC)
Parties
Appellant: Resteel Trading Ltd; Respondents: The Commissioners for Her Majesty’s Revenue and Customs
Jurisdiction
United Kingdom
Judgment Date
09 September 2009
Procedural Posture
Tax Appeal / First Tier Tribunal Decision
Outcome
Appeal dismissed
Legal Topics
Bad Debt Relief, Contract Variation, VAT, Limitation Period
Tax Law Bad Debt Relief Contract Variation VAT Limitation Period

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Parties

Resteel Trading Ltd

Appellant

The Commissioners for Her Majesty’s Revenue and Customs

Respondents

Procedural Posture

Tax Appeal / First Tier Tribunal Decision

Legal Issues

  1. 1 Whether there was a legally binding variation of the supply agreement regarding payment terms
  2. 2 Whether the claim for bad debt relief was made within the statutory time limit

Ratio Decidendi

There was no legally binding variation of the supply agreement because the required formalities for variation were not met; payment became due 60 days after the invoice dates, and the claim for bad debt relief was therefore made out of time.

Court Disposition

Appeal dismissed