The following Value Added Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note provides an overview regarding when HMRC may impose a penalty on a person for VAT, excise tax and landfill tax wrongdoing. This note should be read in conjunction with guidance notes Overview of the three penalties introduced from 1 April 2010, Penalties - VAT, excise and landfill tax wrongdoing - types of wrongdoing and Penalties - VAT, excise and landfill tax wrongdoing - calculating, assessing and collecting the penalty. More information can be found in HMRC factsheet: CC/FS12 .
With effect from 1 April 2010 a new penalty regime applies where a person:
For the purposes of these penalty provisions a person is:
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