CH403130 | Charging penalties: calculating penalties: the information you need to calculate a penalty: VAT and excise wrongdoing

Before you can calculate a penalty you will have:

• calculated and agreed the potential lost revenue (PLR), see CH94200

• established the type of behaviour, see CH402000

• established the type of disclosure, see CH403202

• determined any reductions for quality of disclosure, see CH403203

You will need these details for each tax period and each tax regime.