VCP10465 - Belated Notification Penalty: Issuing Penalty Assessments: Compulsory registration
Belated Notification Penalty has been replaced by the Failure to Notify penalty introduced by Schedule 41 of the Finance Act 2008.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 CH70000Â for more details about the new failure to notify penalty.
If a trader is compulsorily registered for VAT they will be issued with a letter confirming this, see VCP10488.
If no registration visit is to be arranged imminently to confirm the trader’s liabilities the trader’s calculation of ‘relevant VAT� should be checked against the information obtained by the officer who conducted the compulsory registration visit.