20272

LONDON TRIBUNAL CENTRE
Reference No: LON/2007/714

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Appellant/Applicant

Respondents

LIKISMA PRESENTATIONS LTD	Appellant

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THE COMMISSIONERS FOR HER MAJESTY’S REVENUE AND CUSTOMS 	Respondents

Tribunal:   RODNEY P HUGGINS (Chairman)
CAROLINE de ALBUQUERQUE

Sitting in public in London on 18 2007

DIRECTION
under Rule 30(8)

THIS APPEAL against a decision of the Respondents with respect to two Default Surcharges in the sums of £439.64 and £595.16 being reasonable excuse appeals as defined by rule 2 of the Value Added Tax Tribunals Rules 1986 as amended coming on for hearing this day

AND UPON HEARING Mr Anthony Burke, Director, for the Appellant and Mr Jonathan Holl, Advocate, for the Respondents 

AND THIS TRIBUNAL having heard this appeal and having announced its decision

AND THE parties present at the hearing by their said representatives stating pursuant to Rule 30(8) of the Value Added Tax Tribunals Rules 1986 as amended that they do not require the said decision to be recorded in a written document in accordance with Rule 30(1) of the said Rules

THIS TRIBUNAL FINDS THAT insufficiency of funds because of a downturn in profits due to excessive competition is not excuse in itself

AND THIS TRIBUNAL DIRECTS THAT this appeal is DISMISSED

AND that there is to be no direction as to costs

RODNEY P HUGGINS
Chairman
Release Date: 2 August 2007

© CROWN COPYRIGHT 2007