UK Tribunal Frees Importer From £10M Tax Bill

By Alyssa Aquino (July 25, 2022, 7:29 PM EDT) -- A British tribunal has freed an exporter from tax assessments totaling nearly £10 million, saying the exporter's entry into the soft drink and sweets sector wasn't so suspicious as to hold it liable for its new partners' purported tax evasion scheme.

Judge Peter Kempster of the Tax Chamber of the First-tier Tribunal rebuffed tax commissioners' allegations that Lynton Exports Ltd's bid to break into the Irish soft drinks and sweets market was a step too far outside its decades-old specialty goods repackaging business to be legitimate. Though the venture had the exporter cutting supply and manufacturing deals with companies that would...

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