Penalties - summary of penalties that can be applied

By Tolley

The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:

  • Penalties - summary of penalties that can be applied
  • Summary


The table below provides a summary of the types of penalties that can be applied by HMRC together with a link to the relevant guidance note:

Type of penaltyMore informationLink to relevant guidance note
Late registration penaltyThis penalty has been replaced with the failure to notify penalty with effect from 1 April 2010Late registration penalty
Failure to notifyThis penalty applies to failure to notify HMRC that the business:
is liable to pay a particular tax
is liable to register for a particular tax
has a specified change in circumstances for a particular tax
intends to carry out certain taxable activities
Penalties - failure to notify - overview
VAT and Excise Wrongdoing The penalty applies to the following:
business makes an unauthorised issue of an invoice showing or including VAT
misuses certain products in a way that attracts a

More on Penalties: