SolvedVCP11118 | Breach of VAT Regulatory Provisions: Why a penalty arises: Regulatory breaches - Partial exemption
From HM Revenue & Customs · VAT Civil Penalties
| Regulation | Failure |
|---|---|
| Reg 107 (1) Section 69 (1) (d) | …to adjust provisional attribution of input tax on the next return where all exempt input tax cannot be treated as attributable to taxable supplies. |
| Reg 107 (2) Section 69 (1) (d) | …adjust provisional attribution of input tax on the next return where all exempt input tax can be treated as attributable to taxable supplies. |