FHDDS51410 - Penalties, sanctions and offences: penalties � policy: Trading without approval - When is a penalty chargeable for trading without approval?
(»Ê¹ÚÌåÓýapp Fulfilment Businesses Regulations 2018, regulation 14 & Finance Act (No.2) 2017, section 55)
From 1st April 2019 a penalty is chargeable if a person starts trading without approval or applies for approval but starts trading before they receive an approval decision from us. »Ê¹ÚÌåÓýapp relevant legislation is Schedule 13 of the Finance (No.2) Act 2017.
Where a penalty for deliberate behaviour is attributable to a company officer’s actions, we can transfer all or part of the liability to pay the penalty to the officer.
We cannot charge a penalty if the person had a reasonable excuse for not applying at the appropriate time, and the penalty was not deliberate see FHDDS51430 for further details.