VCP10791 - Misdeclaration penalty: Discretion, reasonable excuse, and mitigation: Charities and non profit making bodies
Please note: VAT Misdeclaration Penalty has been replaced by the Schedule 24 inaccuracy penalty for all accounting periods where the return period commences on or after 01/04/2008 and the due date is on or after 01/04/2009. Misdeclaration penalty will still apply where the due date is before 01/04/2009.
Please see the Compliance Handbook CH80000 Penalties for Inaccuracies for further details.
Has the trader argued that such organisations should be given special treatment?
»Ê¹ÚÌåÓýappy are subject to the same considerations as any other VAT registered business.