Penalties

Various penalties may be chargeable in the course of or at the end of a compliance check, either for failures to comply with information and inspection notices, record-keeping failures or for inaccuracies discovered in returns. The penalties that might be charged for are:-

  • A standard penalty for failing to comply with an information or inspection notice
  • A daily penalty for a continuing failure to comply with an information or inspection notice
  • A penalty for failing to keep proper records
  • A penalty for inaccuracies in a return

There is a right of appeal against standard and daily penalties, but not against a tax-related penalty imposed on the authority of the Tribunal.

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More Information

Standard Penalty

There is a standard penalty provided for in FA 2008, Sch. 36, para. 37. This is charged if a person:- Fails to comply with an information…

Daily Penalty

FA 2008, Sch. 36, para. 38 provides for a daily penalty where a standard penalty under para. 37 has been imposed and the delay continues. The…

Alternative to Daily Penalty

The officer will consider other ways of obtaining information or documents that could be requested in an information notice. By amending a return or raising an…

Tax-Related Penalty

If the tax has been lost due to poor record keeping the officer may consider it appropriate to charge a tax-related penalty for inaccuracy as well…
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