Tembo Steels Uganda Limited v Uganda Revenue Authority (TAT 22 OF 2005)
Tembo Steels Uganda Limited v Uganda Revenue Authority (TAT 22 OF 2005) [2007] UGTAT 2 (18 May 2007)
The Tribunal found that the input/output ratio method used by the Respondent to assess VAT liability was not prescribed by the VAT Act and lacked legal basis. The Applicant had filed all required VAT returns and provided the necessary records, and there was no evidence that the Respondent was dissatisfied with any return or that any mandatory record was missing. The Respondent's reliance on production figures and oral statements, rather than actual sales and invoices, rendered the assessment speculative and unjustifiable under Section 32 of the VAT Act. The Tribunal held that the assessment w…
Source excerpt
- Vat Assessment
- Tax Audit Methods
- Administrative Procedure
- Taxpayer Records
- Tax Refunds
- Tax Liability