Tricell is Pleased to Announce European Court of Justice Decision on Tax Refund.
PR Newswire Europe, January, 2006
STAFFORDSHIRE, England, January 12 /PRNewswire/ -- Tricell Inc. (OTC Pink Sheets: TCLL), today announces that the European Court of Justice ruled in favor of companies such as Tricell whose VAT refunds had been withheld by HM Revenue & Customs. This decision emanates from HM Revenue & Customs' prosecution of the Finance Bill of 2003 which made companies liable to the VAT debts of other firms who may have engaged in fraud. The ECJ ruled that a person who carries out an otherwise lawful transaction can not be affected by the fact that in the chain of supply of which that transaction forms part, another prior or subsequent transaction is compromised by value added tax fraud, without that person knowing or having any means of knowing of such fraud. HM Revenue & Customs'...
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