[CH81001] Penalties for Inaccuracies: In what circumstances is a penalty payable: Introduction to penalties for inaccuracies
You must check the date from which these rules apply for the tax or duty you are dealing with. See CH81011 for full details.
HMRC is responsible for making sure that everyone pays the right amount of tax. Most people do pay the right tax at the right time and take care with the documents they submit. The purpose of the penalty provisions is to seek to influence behaviour by supporting those who try to meet their obligations and penalising those who do not. People expect reassurance from HMRC that there is no advantage for those who do not comply.
To provide this assurance HMRC will charge penalties where people
•do not pay the right tax at the right time because they