Chapter CH72660

Published date11 March 2016
Record NumberCH72660
CourtHM Revenue & Customs

The amount of penalty is calculated by applying an appropriate percentage to the potential lost revenue (PLR).

The PLR is calculated in various ways depending on the nature of the relevant obligation, see CH71300, to which the failure applies.

Follow the links below for detailed guidance on calculating the PLR for the following obligations.

Tax Obligation to… Link
Income Tax
Capital Gains Tax …give notice of chargeability CH72700
Corporation Tax …give notice of chargeability. CH72720
VAT …notify liability to be registered including

distance selling

VAT acquisitions

relevant supplies CH72740
VAT …notify

a material change in the nature of supplies made by a person previously exempted from registration.

a material alteration in the proportion of zero rated supplies made by a person previously exempted from registration,

an acquisition made by a person exempted from registration. CH72760
VAT …notify the acquisition of excise goods or new means of transport from another EU member state (non-taxable persons) CH72780
Insurance Premium Tax …notify

liability to be registered

intention to receive premiums in the course of a taxable business. CH72800
Aggregates Levy

Climate Change Levy

Landfill Tax …notify

liability to register in respect of taxable supplies or activities

an intention to carry out such activities or make such supplies. CH72800
Air Passenger Duty …notify liability to register to operate chargeable aircraft. CH72800
Alcoholic Liquor Duty

Tobacco Products Duty

Hydrocarbon...

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