Defrauded Taxpayer remains liable for duty: Pocketful of Stones [2024] UKFTT 1105 (TC)

The FTT has dismissed the Taxpayer’s appeal against an excise duty assessment arising on gin moved from its UK warehouse on the grounds that the Taxpayer failed to put a movement guarantee in place in HMRC’s favour when it was required to do so by law. The fact that the Taxpayer was defrauded by its customer was irrelevant in this respect.