VCP10442 - Belated Notification Penalty: Reasonable excuse: Miscellaneous reasonable excuse claims

Please see the Compliance Handbook CH70000 for more details about the new failure to notify penalty.

Tribunals have not accepted reasonable excuse in the following areas

• no Revenue loss
• no intention to evade tax
• pressure of work
• oversight or misunderstanding between partners or directors
• reasons which amount to mitigating circumstances, or
• inexperience of business affairs.