Value Added Tax Act 1994 section Sch 9ZC para 14

Modification of the Finance Act 2008

Section Sch 9ZC para 14 extends the existing penalty regime for failure to notify HMRC so that it also applies to businesses that fail to meet their notification obligations under the new Schedule 9ZC registration rules.

• The Finance Act 2008 Schedule 41 sets out penalties for failing to notify HMRC of certain tax obligations
• This paragraph adds a new entry to the penalty table specifically covering VAT registration obligations under Schedule 9ZC
• The obligation covered is the requirement under paragraph 8 of Schedule 9ZC to notify HMRC of liability to register and of matters affecting the continuance of registration
• Businesses that fail to notify their liability to register, or fail to report changes affecting their registration under Schedule 9ZC, will be subject to the same penalty framework that applies to other notification failures