Schedule 11A, paragraph 12(3)

In a case where— the notional tax shall be treated for the purposes of this Schedule as attributable to such period or periods as the Commissioners may determine to the best of their judgment and notify to the person liable for the penalty. the penalty falls to be calculated by reference to the VAT saving as determined under paragraph 11(3), and the notional tax cannot readily be attributed to any one or more prescribed accounting periods,

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Source: legislation.gov.uk · retrieved 2026-07-28