Commentary

A4.543 Penalties for failure to notify liability—pre-harmonised regime

Administration and compliance

A4.543 Penalties for failure to notify liability—pre-harmonised regime

A4.543 Penalties for failure to notify liability—pre-harmonised regime

Introduction

Penalties for failure to notify fall within the harmonised regime as outlined in the table at A4.540. The pre-harmonised regime continues to have effect in relation to 2008/09 and earlier years for income tax and capital gains tax, and in relation to accounting periods ended before 1 April 2009 for corporation tax.

Income tax and capital gains tax

Like its successor under the harmonised regime, the penalty for failure to notify that applied before 1 April 2010 under the previous regime was based on failure to comply with TMA 1970, s 7.

The

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