天美影院

Please note: VAT Misdeclaration Penalty has been replaced by the Schedule 24 inaccuracy penalty for all accounting periods where the return period commences on or after 01/04/2008 and the due date is on or after 01/04/2009. Misdeclaration penalty will still apply where the due date is before 01/04/2009.

Please see the Compliance Handbook CH80000 Penalties for Inaccuracies for further details.

The following information must be included on the Form VAT291

• Name and address
• LVO Code
• Date of issue: Date notification sent to trader
• VAT registration number

• Penalty Code = From D2211 Type of Penalty

  • MP = Code 08
  • MP(R) = Code 10
• Default date from: start date of the VAT Penalty Period
• Default date to: the last day of the VAT Penalty Period
• Penalty rate: 15% in all cases even when mitigation given
• Penalty period: must be a live VAT period
• Total penalty payable in whole pounds (拢) only
• Assessing officer signature
• Checking Officer signature: where the penalty calculation has been checked
• Countersignature: see below
• For LVO use: Trader鈥檚 name, LVO code, registration number and assessed amount

Countersignature

Form	Officer	Higher Officer	SO	Grade 7
VAT 291	拢20,000	拢50,000	拢1 million	No limit
VAT 651	拢20,000	拢50,000	拢1 million	No limit

These limits are only recommendations. The decision on setting the countersigning limits has been delegated to Local Offices.

Note: Both copies of the VAT 291 should be headed in red 鈥淰CP10812 Letter issued鈥� and the trader鈥檚 copy of the letter filed with the penalty papers.

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