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Belated Notification Penalty has been replaced by the Failure to Notify penalty introduced by Schedule 41 of the Finance Act 2008. »Ê¹ÚÌåÓýapp Failure to Notify penalty applies to obligations to notify HMRC of a liability to be registered for VAT on or after 01/04/2010. »Ê¹ÚÌåÓýapp Belated Notification Penalty under Section 67 VATA 1994 continues to apply to obligations to notify a liability to be registered for VAT before 01/04/2010.

Please see the Compliance Handbook CH70000 for more details about the new failure to notify penalty.

From the 1 January 1993, in accordance with the VAT Act 1994, Schedule 3. Paragraph 3, and Schedule 3 Paragraph 8(2) if a trader

• exceeds the registration threshold (Backward look) for acquisitions they must notify HMRC within 30 days of the end of the month, or
• has reasonable grounds for believing they will exceed the registration threshold (Forward look) in the future, they must notify HMRC within 30 days of anticipating exceeding the acquisition threshold
• is exempt from registration and makes an acquisition that is not zero rated they must notify HMRC within 30 days of the day the acquisition was made

Note: For further guidance on registration of acquisitions see V1-28.

If the trader does not comply with these conditions they will be liable to a belated notification penalty.