Warning: General repeal of civil penalty for VAT evasion
The penalty under FA 2007, Sch. 24, para. 1–2 for inaccuracies on documents, etc. generally replaces the civil penalty for evasion of VAT (civil fraud) in VATA 1994, s. 60, as regards errors in returns or claims or failing to inform HMRC of an under-assessment.
The penalty under VATA 1994, s. 60 remains as a ‘catch all’ base line that may be invoked for such matters as evading import VAT.