CH403130 - Charging penalties: calculating penalties: the information you need to calculate a penalty: VAT and excise wrongdoing
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Before you can calculate a penalty you will have
- calculated and agreed the potential lost revenue (PLR), see CH94200
- established the type of behaviour, see CH402000
- established the type of disclosure, see CH403202
- determined any reductions for quality of disclosure, see CH403203.
You will need these details for each tax period and each tax regime.