The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview of the penalties that can be levied on a person that fails to notify HMRC of a relevant event and this note should be read in conjunction with the Overview of the three penalties introduced from 1 April 2010 and Penalties - failure to notify - calculating and assessing the penalty guidance notes.
More information can be found in HMRC factsheet: CC/FS11 .
The following situations will be affected by the failure to notify penalty.
VAT – failure to notify HMRC of:
Insurance premium tax (IPT) – failure to notify HMRC of:
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