TC09590 - [2025] UKFTT 00878 (TC)

Mrs Walmsley denied any suspicion that the transactions were connected with fraud. She stated that the arrangements appeared to her to be consistent with standard industry practice in outsourced payroll services and that she had no reason to doubt the legitimacy of WM’s operations. At no point, she states, was there any indication that WM was experiencing financial difficulty or acting improperly. The revelation by HMRC that WM had failed to pay VAT came as a profound shock.