SolvedCH72820 | Penalties for Failure to Notify: Calculating the penalty: Potential Lost Revenue: Other duties
From HM Revenue & Customs · Compliance Handbook
A person must notify us that they are liable to register or satisfy other obligations, see CH401000, for the purposes of
Alcoholic liquor duty
Tobacco products Duty
General Betting duty
Pool betting duty
Bingo duty
Lottery duty
Gaming duty
Remote gaming duty
Amusement machines licence duty
Machine games duty.
If they fail to do so the potential lost revenue (PLR) is the amount of any duty which is unpaid due to the failure to comply with the relevant obligation.
Note
When you calculate the PLR for a person (P)’s failure to notify, you do not take into account any tax overpaid by another person because of P’s failure. The only exception to this is where that other person is allowed to adjust their tax liability by reference to P’s liability. There is an example of this at CH72640.