Commentary

700/41/12 Late registration penalty

Part V8 HMRC Notices
Part V8 HMRC Notices | Commentary

700/41/12 Late registration penalty

Part V8 HMRC Notices | Commentary

700/41/12
Late registration penalty

November 2012

This notice cancels and replaces Notice 700/41 (February 2011).

1 Introduction

1.1 Scope of this notice

This notice covers the late registration penalty for VAT obligations to notify a liability to be registered before 1 April 2010.

This penalty has been replaced by the new failure to notify penalty for obligations to notify liability to be registered on or after 1 April 2010. Please see fact sheet CC/FS 11 for details of the new penalty. You can access the factsheet at New Compliance checks – factsheets (http://www.hmrc.gov.uk/compliance/factsheets.htm).

Main narrative treatment—V5.347.

2 What is this notice about?

This notice explains—

  1.  

    —     when and how we may penalise you if you fail to register for VAT at the right time, and

  2.  

    —     your rights of appeal against the penalty.

Before you read this notice you should read Notice 700/1 “Should I be registered for VAT?” which will help you decide whether you have to register.

3 Calculating and notifying penalties

3.1 When might I face a penalty?

We may penalise you if you fail to notify us at the correct time that you should have registered for

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