23 September 2019
Company VAT penalty can be liability of an ‘officer’
Did you know that as a manager of a company, the liability of registering late for VAT can be yours?
Find out more by reading our latest article below.
A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to a manager of the company. HMRC have the power to impose such a penalty on an individual where:
1. There is a penalty payable by the company for a deliberate failure
2. The individual on whom HMRC seek to impose liability is an “officer” of the company
3. The deliberate failure is attributable to that officer
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