F · Glossary
Failure to Notify
Penalty for not telling HMRC when you become liable to tax (up to 100% of tax owed).
Failure to Notify is the HMRC penalty for not telling them when you become liable to a tax (e.g. starting self-employment, going over the VAT threshold). Penalties range from 0% (innocent disclosure) to 100% of the tax owed (deliberate concealment).
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