Perhaps the main point of this Business Brief is how easy it can be to fall foul of the failure to notify penalty (contained in Sch 41 of the 2008 Finance Act). From 1 April 2010, the penalty can be applied from Bingo Duty to Landfill Tax and all points in between.

Details of the Brief can be found on the HMRC website at http://www.hmrc.gov.uk/briefs/customs-duty/brief3010.htm