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An error or inaccuracy in any of the following documents may result in a penalty being imposed under FA 2007, Sch 24:

1. Ìý

   •ÌýÌýÌýÌý a VAT return

2. Ìý

   •ÌýÌýÌýÌý a claim under the VAT refund scheme for DIY builders and converters

3. Ìý

   •ÌýÌýÌýÌý documentation relating to the Import One Stop Shop (IOSS) accounting scheme for distance selling of goods imported to Northern Ireland

4. Ìý

   •ÌýÌýÌýÌý documentation relation to the One Stop Shop (OSS) accounting scheme for distance selling of goods from Northern Ireland

5. Ìý

   •ÌýÌýÌýÌý other documents HMRC may be expected to rely on such as documentation relating to VAT return adjustments and error notifications

In the context of FA 2007, Sch 24 the words error and inaccuracy are equivalent. If a document contains more than one inaccuracy, a penalty may be imposed for each inaccuracy¹.

For commentary on the penalty regime relating to EC Sales Statements, which are relevant to businesses supplying goods from Northern Ireland to