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Please note: the Section 67 VATA 1994 penalty has been replaced by the Failure to Notify penalty introduced by Schedule 41 Finance Act 2008. »Ê¹ÚÌåÓýapp Failure to Notify penalty applies to obligations to notify the acquisition of a new means of transport on or after 01/04/2010. »Ê¹ÚÌåÓýapp penalty under Section 67 VATA 1994 continues to apply where the obligation to notify the acquisition of a new means of transport occurs before 01/04/2010.

Please see the Compliance Handbook CH70000 for more information about the Failure to Notify penalty.

If the legal requirements are not met we may impose a penalty under Section 65, 66 or 67 of the VAT Act 1994

Power to impose penalty on a supplier of NMT

• Section 65 gives us power to impose a penalty if an EC Sales List (VAT 411) contains a material inaccuracy.
• Section 66 gives us power to impose a penalty if an EC Sales List (VAT 411) is not submitted within the time limits specified within the VAT Regulations 1995, see VCP11414.
• VCP11000 and VCP10900 provide guidance on all aspects of EC sales lists.

Power to impose a penalty on an acquirer of NMT

• Section 67 gives us the power to impose a penalty to failure to notify and / or pay within the required timescale, see VCP11413.