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HMRC internal manual

Compliance Handbook

From
HM Revenue & Customs
Updated
, see all updates

Penalties for VAT and Excise Wrongdoing: How to process a penalty: What the assessment must include

You must include the following on the penalty assessment

  • the date of the assessment
  • the legislation under which the penalty is due
  • the amount of potential lost revenue (PLR)
  • your view of the person’s behaviour
  • the reduction for disclosure
  • the amount of the penalty
  • the period in respect of which the penalty is being assessed, see CH95550.

Remember that for the purpose of most taxes, duties or levies, a partnership is treated as a person in its own right and if the penalty assessment relates to those taxes, duties or levies, it should be issued to the partnership.