VCP10382 - Belated Notification Penalty: Why a penalty arises: »Ê¹ÚÌåÓýapp Law supporting the penalty
Belated Notification Penalty has been replaced by the Failure to Notify penalty introduced by Schedule 41 of the Finance Act 2008. »Ê¹ÚÌåÓýapp Failure to Notify penalty applies to obligations to notify HMRC of a liability to be registered for VAT on or after 01/04/2010. »Ê¹ÚÌåÓýapp Belated Notification Penalty under Section 67 VATA 1994 continues to apply to obligations to notify a liability to be registered for VAT before 01/04/2010.
Please see the Compliance Handbook CH70000 for more details about the new failure to notify penalty.
Belated Notification penalties were introduced in the Finance Act 1985. »Ê¹ÚÌåÓýapp legislation supporting the penalty is contained in
- VAT Act 1994 (as amended) Sections 67, 70, 71, 76, and 77
Please note: »Ê¹ÚÌåÓýapp VAT belated notification penalty has been superseded by the failure to notify penalty introduced by Schedule 41 of the Finance Act 2008.
»Ê¹ÚÌåÓýapp new failure to notify penalty applies to obligations to notify HMRC of a liability to be registered on or after 01/04/2010. »Ê¹ÚÌåÓýapp VAT belated notification penalty under Section 67 VATA 1994 continues to apply to obligations to notify a liability to be registered before 01/04/2010.