CH194240 - Electronic sales suppression: commencement date
HMRC can charge penalties for the acts of possession, making, supply or promotion of electronic sales suppression tools where the act occurs on or after 24 February 2022 (the date Finance Act 2022 came into effect).
HMRC can use the electronic sales suppression information powers to request documents that existed before 24 February 2022. We can request these earlier documents to, amongst other things
- determine whether a person is liable to a penalty
- help HMRC understand the operation of the tool which has led to the penalty
- identify others who might be liable for a penalty