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HMRC internal manual

VAT Civil Penalties

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HM Revenue & Customs
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Insurance Premium Tax: Reconsiderations and appeals: Withdrawal of a penalty letter

Please note: penalties under Schedule 7 Finance Act 1994 for failure to notify liability to register have been replaced by the Failure to Notify penalty introduced by Schedule 41 Finance Act 2008. The Failure to Notify penalty applies where an obligation to notify liability to register for IPT occurs on or after 01/04/2010. Penalties under Schedule 7 Finance Act 1994 will continue to apply where an obligation to notify occurs before 01/04/2010.

Please see the Compliance Handbook CH70000 for more information about the Failure to Notify penalty.

Please note: penalties under the Finance Act 1994 for failure to provide information and failure to produce records have now been replaced by penalties under Schedule 36 Finance Act 2008 where HMRC have requested information or documents on or after 01 /04/2010. If HMRC requested information or documents before 01/04/2010 the Finance Act 1994 penalties will continue to apply.

Please the Compliance Handbook CH20000 for more information about information and inspection powers.

Name ……………………………………….

Address ……………………………………. Period Ref …………………………………

………………………………………………..

……………………………………………….. Date …………………………………………

A copy of this letter is being sent to all insured parties that received a notice of liability

To the Registered Person Named above

On …………………………………. you were notified of your liability to a civil penalty of £………………………

HMRC have given careful consideration to the representations received from *yourself/your advisers/any one else. They have decided that on this occasion, *it has been demonstrated that you took all necessary steps to ensure the that tax was paid on time/they will exercise the discretion allowed to them under Section 25(1) Finance Act 1994.

The penalty previously notified to you has now been withdrawn.

Yours faithfully

 

(* delete as appropriate)