SolvedDNALC13250 | Penalties and assessments: Stock discrepancy penalties
From HM Revenue & Customs · Denatured Alcohol: main contents
The general rules on penalties relating to deficiencies or surpluses of stocks of undenatured and denatured alcohol are given in section 13 of Notice 473.
Legal basis
| Subject | Law (All references to the Alcoholic Liquor Duties Act 1979 unless otherwise stated) |
|---|---|
| Deficiency in producer’s stock of alcohol for denaturing - excise duty point | Regulation 11, Denatured Alcohol Regulations 2005. |
| Deficiency in producer’s stock of denatured alcohol | s. 78(1),(2)&(4) |
| Surplus in producer’s stock of denatured alcohol | s. 78(1),(2)&(3) |