If the disclosure of a non-deliberate, CH72200, failure to notify, see CH71220, is made less than 12 months after the time when tax first becomes unpaid because of the failure, the penalty percentage can be reduced even further. The minimum penalty is nil where a disclosure is unprompted and non-deliberate.

VAT

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.