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HMRC internal manual

VAT Registration

From
HM Revenue & Customs
Updated
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Transfers of going concerns (TOGC): penalties for failure to observe record-keeping obligations

Policy on penalties lies with the Tax Administration and Advice team in Central Policy. Guidance can be found in V1-27.

  • Where a direction has been issued to the transferor and he subsequently fails to preserve the relevant records for the required period, he will be liable to a penalty under the VAT Act 1994, section 69.
  • Where the records have been transferred to the transferee and the transferee fails to preserve them for the required period, he will be liable to a penalty under the VAT Act 1994, section 69.
  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)

  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)
  • (This content has been withheld because of exemptions in the Freedom of Information Act 2000)

(This content has been withheld because of exemptions in the Freedom of Information Act 2000)