IPT06260 - Maintaining the IPT register: registration: penalties for failure to register
»Ê¹ÚÌåÓýapp Finance Act 1994, Schedule 7, paragraph 14(1) states that a person who fails to register is liable to a penalty of 5% of the tax involved, or £250, whichever is the greater.
»Ê¹ÚÌåÓýapp Tax Administration Advice Team in Central Policy has policy responsibility for the application of civil penalties, including those in IPT. »Ê¹ÚÌåÓýappre is also guidance available in VATCP.