Misdeclaration penalty: misdeclaration penalty for large errors in a single VAT accounting period: calculating the penalty
Objective tests will be carried out by the computer when the following forms have been input
- VAT641 - Officers Assessment
- VAT642 - Error Correction Input form
- VAT643 - Assessment Amendment
- VAT644 - Assessment Withdrawal
The guidance in this section shows you how to calculate misdeclaration penalties for large errors manually, and can be used if you need to explain a misdeclaration penalty to a trader.
For guidance on