Belated Notification Penalty: Issuing Penalty Assessments: Review or adjustment of a civil penalty
Belated Notification Penalty has been replaced by the Failure to Notify penalty introduced by Schedule 41 of the Finance Act 2008. The Failure to Notify penalty applies to obligations to notify HMRC of a liability to be registered for VAT on or after 01/04/2010. The Belated Notification Penalty under Section 67 VATA 1994 continues to apply to obligations to notify a liability to be registered for VAT before 01/04/2010.
Please see the Compliance Handbook CH70000 for more details about the new failure to notify penalty.
Once a penalty assessment has been issued you must monitor how the case is progressing and at times may have to adjust the penalty
Below are some of the actions you may have to take during the penalty cycle, for