How will it affect Excise Duty regimes?
As for other taxes, no penalty will apply where an error is made despite reasonable care. HMRC recognised that when considering if a person has taken reasonable care, for Excise Duties there is a need to consider manufacturing processes as well as record keeping and accounting systems. The new penalties should reassure compliant excise traders that those seeking an unfair advantage through deliberate non-compliance will face more effective and proportionate penalties. These penalties will sit alongside the range of other sanctions in use against the non-compliant, including those involved in deliberate fraud. These sanctions include the forfeiture of goods, disruption, criminal prosecutions or revoking registration.
