Company Officers Jointly And Severally Liable for VAT Penalty

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Company Officers Jointly And Severally Liable for VAT Penalty

The decision in a recent tax tribunal case reminds us that directors and other company officers may be personally liable for VAT penalties of their company. The recent case involved a penalty for late registration for VAT where the threshold had been exceeded. 

Three conditions must be satisfied before the liability for a penalty payable by the company can be imposed on an individual:

1)  A penalty must be payable by the company for a deliberate failure.
2)  The individual on whom HMRC seek to impose liability must be an “officer” of the company.
3)  The deliberate failure must be attributable to that officer.

For more information, please contact our Tax Partners, Steve Crompton or Lucy Williams, on the details below:

Steve Crompton
Partner – Head of Tax
direct dial: 01942 292541
mobile: 07790 840394
email: steve.crompton@jsllp.co.uk

Lucy Williams
Tax Partner
direct dial: 01942 292543
mobile: 07807 053494
email: lucy.williams@jsllp.co.uk


 

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