VSME11550 - Check on registered particulars: civil penalty assessment

If the trader’s registration was belated and a penalty was issued, the amount charged should be checked to ensure it was correct, particularly in the following circumstances:

• where the trader declared the tax liability; and
• where an official estimate based on the annual turnover was used.

Guidance on assessing penalties for failure to notify can be found at CH500000 (operational) and CH70000 (technical).