When are penalties payable to Revenue?
Penalties can arise when:
- the appropriate amount of Value-Added Tax (VAT) is not paid at the correct time
- when you fail to comply with specific obligations under VAT legislation.
A penalty can be agreed between you and Revenue or decided by the courts.
This section explains:
- tax-geared penalties
- fixed penalties
- penalties for incorrect VAT records
- penalties for avoiding VAT on goods from abroad.
Next: Tax-geared penalties