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HMRC internal manual

VAT Civil Penalties

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HM Revenue & Customs
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Misdeclaration penalty: Misdeclaration penalty for repeated errors: What is the penalty susceptible period

Please note: VAT Misdeclaration Penalty has been replaced by the Schedule 24 inaccuracy penalty for all accounting periods where the return period commences on or after 01/04/2008 and the due date is on or after 01/04/2009. Misdeclaration penalty will still apply where the due date is before 01/04/2009.

Please see the Compliance Handbook CH80000 Penalties for Inaccuracies for further details.

Penalty Susceptible Period (PSP)

The second and any subsequent breaches of the objective tests within a warning period will lead to a period becoming penalty susceptible (PSP). This might not necessarily be the second period assessed within the warning period.