Commentary

V5.213F Requirement to notify and notification

Part V5 Compliance, enforcement and appeals

V5.213F Requirement to notify and notification

V5.213F Requirement to notify and notification

A taxable person is required to notify HMRC if1:

  1.  

    •     the amount of VAT shown on a return for a period as payable by or to him is less than or greater than it would be but for any notifiable scheme to which he is a party

  2.  

    •     he makes a claim for the repayment of output tax or increase in input tax credit in respect of a period for which he has previously submitted a return, and the amount claimed is greater than it would have been but for such a scheme, or

  3.  

    •     the amount of his non-deductible tax in respect of any prescribed accounting period is less than it would be but for such a scheme

Notification

HMRC must be notified, within the prescribed time and in such form and manner as may be required by regulations2:

  1.  

    (1)     in the case of a designated scheme, of the reference number allocated to the scheme, or

  2.  

    (2)     in the case of a hallmarked scheme, of prescribed information (see under 'Form of Notification/Hallmarked schemes' below)

Notification under head (1) above is not required where a person has previously provided HMRC with the reference number, or has previously provided HMRC with prescribed information under head (2) (ie before it became a designated scheme)3.

Notification under head (2) above is not required where any person has previously provided HMRC with prescribed information under the voluntary procedure (see 'Voluntary notification' below) and that person has provided the taxable person with

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