“… [I]f the exercise of reasonable foresight and of due diligence and a proper regard for the fact that the tax would become due on a particular date would not have avoided the insufficiency of funds which led to the default, then the taxpayer may well have a reasonable excuse for non-payment, but that excuse will be exhausted by the date on which such foresight, diligence and regard would have overcome the insufficiency of funds.” (ibid. at 770) 37. Lord Donaldson MR disagreed with the test applied by Scott LJ (ibid. at 770): "I have come to the conclusion that this [Scott LJ's test] is too narrow in that (a) it gives insufficient weight to the concept of reasonableness and (b) it treats foreseeability as relevant in its own right, whereas I think that 'foreseeability' or as I would say 'reasonable foreseeability' is only relevant in the context of whether the cash flow problem was 'inescapable' or, as I would say, 'reasonably avoidable'. It is more difficult to escape from the unforeseeable than from the foreseeable." Submissions of the parties 38. Mr Newey for the Appellant argued that the correct test in respect of "reasonable excuse" to apply was that adopted by Lord Donaldson MR in Steptoe . He argued that the test being applied in this case by HMRC was whether the events were exceptional and outside the ordinary course of the Appellant's business. This was not the correct test. In any event, the evidence of Mr Neeves established that the events which affected the Appellant's business were outside its ordinary course and that the exercise of reasonable foresight and due diligence had been unable to avoid the insufficiency of funds and, therefore, the late payment of VAT in respect of the periods under appeal. Mr Newey cited two decisions of this Tribunal: Mediaclash Limited v HMRC[2009] UKFTT 306 (TC) and JMS Aggregate Supplies v HMRC[2011] UKFTT 426 (TC) . 39. Mr Newey argued that the Appellant had done its utmost to exercise reasonable foresight and due diligence. It had found new markets and customers, it had negotiated an increased overdraft with its bankers, it had cut costs e.g. by making staff redundant and the shareholders had injected new loans into the business. The evidence showed that the Appellant had paid its VAT as quickly as he could. This was not just insufficiency of funds but a deeper problem caused by the fall-off in orders, lower margins and delayed payments by customers. 40. Mrs Orimoloye for HMRC argued that many businesses pleaded the economic downturn as a reasonable excuse for late payment of taxes. To allow the Appellant to use that as a reasonable excuse would undermine the VAT surcharge system. HMRC had provided temporary support to be BPSS for the Appellant and had not specifically told the Appellant that it could not come back for further support. 41. At one point Mrs Orimoloye suggested that HMRC had not been provided with the Appellant's bank statements, but accepted that HMRC had not, in fact, requested the Appellant to provide bank statements. We therefore do not consider the Appellant can be criticised in this regard. 42. Mrs Orimoloye argued that the reasons for the insufficiency of funds were not exceptional and were attributable to the ordinary hazards of trade. She relied on HMRC's VAT Civil Penalties Manual paragraph 10534 which quotes parts of the final two paragraphs of the passage from the judgment of Scott LJ quoted in paragraph 30 above: “Mr Justice Scott [sic] commented: It is the statutory duty of traders to make VAT returns and pay VAT in due time. They are not relieved of that duty by the unprofitable or barely profitable nature of the tax-payer’s particular business. If the conditions of business produce cash flow problems it is their duty nonetheless to make financial arrangements that will enable their VAT to be paid in time. It is only if the events giving rise to the insufficiency of funds are outside the normal course of the tax-payer’s business that a possibility of reasonable excuse can arise.”