SCHEDULES

C2C3C1SCHEDULE 41Penalties: failure to notify and certain VAT and excise wrongdoing

Annotations:
Modifications etc. (not altering text)
C2

Sch. 41 modified (with effect in accordance with s. 42(2), Sch. 12 para. 29(1) of the amending Act) by Finance Act 2018 (c. 3), Sch. 12 paras. 33, 34

C3

Sch. 41 applied (with modifications) (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 11(6) (with Sch. 16 para. 11(7))

C1

Sch. 41 applied (with modifications) (22.7.2020) by Finance Act 2020 (c. 14), Sch. 16 para. 13

Amount of penalty: standard amount

F16C

The penalty payable under paragraph 3(2) is 100% of the potential lost revenue.