CH71120 - Penalties for Failure to Notify: In what circumstances is a penalty payable: Commencement date

The new failure to notify penalty regime applies where the obligation to notify arises on or after 1 April 2010.

This means the first direct tax periods for which the penalties will apply are as follows.

For indirect taxes, the new penalty regime applies where the obligation to notify arises on or after 1 April 2010.

*Class 2 NIC failures are not covered by Schedule 41 but are subject to a similar penalty under Regulation 87A to 87G of the Social Security (Contributions) Regulations 2001. For further guidance, see NIM23008.