CH72800 - Penalties for Failure to Notify: Calculating the penalty: Potential Lost Revenue: Insurance premium tax, Aggregates levy, Climate change levy, Landfill tax, Air passenger duty, Soft drinks industry levy
A person must notify us that they are liable to register or satisfy other obligations, see CH71300, for the purposes of
- Insurance premium tax
- Aggregates levy
- Climate change levy
- Landfill tax
- Air passenger duty
- Soft drinks industry levy
For these taxes and duties, the potential lost revenue resulting from a failure to notify is the amount of tax which the person would have been liable to for the period
- starting from the date on which they were required to register and
- ending on the date HMRC received notification or otherwise became aware of the person’s liability to be registered.
Example
Quincy Quarries Ltd commences exploiting aggregate commercially on 1 January 2011 but fails to notify HMRC until 30 September 2012.
»Ê¹ÚÌåÓýapp PLR is the amount of levy due for the period from 1 January 2011 (the date Quincy Quarries Ltd is required to be registered) to 29 September 2012.
Note
When you calculate the PLR for a person’s (P)’s failure to notify, you do not take into account any tax overpaid by another person because of P’s failure. »Ê¹ÚÌåÓýapp only exception to this is where that other person is allowed to adjust their tax liability by reference to P’s liability. »Ê¹ÚÌåÓýappre is an example of this at CH72640.