TC09659 - [2025] UKFTT 01211 (TC)

SF has set up and been a director of a number of companies. During his involvement with them, none of these companies has been investigated by HMRC in relation to VAT or any other tax matters. SF has no accountancy or tax qualifications. None of his experience is in the wholesale metal industry. For 17 years SF has been a director of a company involved in waste management and therefore SF had extensive contacts in the waste management business.

Much of SF’s experience is in running companies he described as “brokers” by which we understood him to mean companies that intermediated between suppliers and customers. SF gave the example of his waste collection service which did not have the means to collect waste itself directly and instead used third parties to carry out the collection.