RCB/30/10 New penalty for failure to notify

Part V16 Forms and other HMRC material

Part V16 Forms and other HMRC material | Commentary

RCB/30/10 New penalty for failure to notify

Part V16 Forms and other HMRC material | Commentary

RCB/30/10 New penalty for failure to notify

Revenue & Customs Brief, Issue 30. 18 June 2010

Introduction

This Business Brief explains the failure to notify penalty contained in Sch 41 of the 2008 Finance Act (FA 2008) which from 1 April 2010 can be applied to most taxes. There is full guidance on this penalty at CH70000 and CH500000 in the Compliance Handbook.

From 1 April 2010 the penalty could be applied to a failure to notify for:

Aggregates Levy	Climate Change Levy	Insurance Premium Tax
Air Passenger Duty	Corporation Tax	Landfill Tax
Alcoholic Liquor Duty	Excise Duties	Lottery Duty
Amusement Machine	Gaming Duty	Pool Betting Duty
Licence Duty	General Betting Duty	Remote Gaming Duty
Bingo Duty	Hydrocarbon Oils Duty	Tobacco Products Duty
Capital Gains Tax	Income Tax	VAT

Background

Under the review of HMRC's powers, deterrents and safeguards legislation has been introduced to align and modernise the framework under which we administer the taxes and duties formerly handled by Customs and Excise and the Inland Revenue.

We inherited a number of different penalty regimes from Customs and Excise and the Inland Revenue. The law and practice relating to penalties varied not only between the two former departments but also between the various taxes and duties for which each department was

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Business Briefs

RCB/31/10 HMRC position following the Court of Appeal Judgment in Insurancewide and Trader Media Group

RCB/32/10 VAT—changes to the application of the zero rate to new buildings used for a relevant charitable or residential purpose

RCB/33/10 VAT—changes to the exclusion of the option to tax on supplies of buildings to be used solely for a relevant residential or relevant charitable purpose

RCB/43/10 VAT — “Italian Republic” claims for overpaid VAT – partial exemption implications of the ECJ decision in Nordania Finans

RCB/44/10 VAT — change in the tax treatment of business entertainment of overseas customers

RCB/47/10 VAT — secondary legislation to implement the VAT Technical Directive, the VAT rate increase and other miscellaneous changes

RCB/48/10 Intrastat – thresholds from 1 January 2011

RCB/49/10 VAT—proposals to simplify the “change in use” provisions

RCB/50/10 Proposed changes to the option to tax for supplies of land and buildings (anti-avoidance rule). The introduction of a new “2 per cent occupation rule”

RCB/30/10 New penalty for failure to notify

Part V16 Forms and other HMRC material

RCB/30/10 New penalty for failure to notify

RCB/30/10 New penalty for failure to notify

Introduction

Background

Business Briefs

RCB/31/10 HMRC position following the Court of Appeal Judgment in Insurancewide and Trader Media Group

RCB/32/10 VAT—changes to the application of the zero rate to new buildings used for a relevant charitable or residential purpose

RCB/33/10 VAT—changes to the exclusion of the option to tax on supplies of buildings to be used solely for a relevant residential or relevant charitable purpose

RCB/35/10 VAT—proposed reverse charge accounting for businesses trading in emissions allowances

RCB/37/10 VAT—leisure trusts providing all inclusive membership schemes

RCB/40/10 VAT—supplies of nurses, nursing auxiliaries and care assistants by state regulated agencies

RCB/43/10 VAT — “Italian Republic” claims for overpaid VAT – partial exemption implications of the ECJ decision in Nordania Finans

RCB/44/10 VAT — change in the tax treatment of business entertainment of overseas customers

RCB/47/10 VAT — secondary legislation to implement the VAT Technical Directive, the VAT rate increase and other miscellaneous changes

RCB/48/10 Intrastat – thresholds from 1 January 2011

RCB/49/10 VAT—proposals to simplify the “change in use” provisions

RCB/50/10 Proposed changes to the option to tax for supplies of land and buildings (anti-avoidance rule). The introduction of a new “2 per cent occupation rule”

RCB/51/10 VAT — change in treatment of business samples

RCB/52/10 Changes to VAT in January 2011

RCB/53/10 VAT—changes to Lennartz Accounting, the Capital Goods Scheme and legislation for an Extra Statutory Concession which is to be withdrawn

RCB/54/10 The European Court of Justice (ECJ) Judgment in AXA UK plc

RCB/1/11 VAT and AMLD—HMRC's treatment of electronic lottery machines and bingo machines

RCB/2/11 VAT—HMRCs' position following the First Tier Tribunal decision in the case of John Price

RCB/3/11 VAT—changes to the option to tax for supplies of land and buildings (anti-avoidance rule)

RCB/4/11 VAT—HMRC's view of the VAT treatment of commercially operated sports leagues

RCB/30/10 New penalty for failure to notify

Part V16 Forms and other HMRC material

RCB/30/10 New penalty for failure to notify

RCB/30/10 New penalty for failure to notify

Introduction

Background

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