CH96200 | Penalties for VAT and Excise Wrongdoing: How to process a penalty: What the assessment must include

You must include the following on the penalty assessment

• the date of the assessment

• the legislation under which the penalty is due

• the amount of potential lost revenue (PLR)

• your view of the person’s behaviour

• the reduction for disclosure

• the amount of the penalty

• the period in respect of which the penalty is being assessed, see CH91300.

Remember that for the purpose of most taxes, duties or levies, a partnership is treated as a person in its own right and if the penalty assessment relates to those taxes, duties or levies, it should be issued to the partnership.