- Publication of Penalty Information: HM Revenue & Customs (HMRC) publishes a list of individuals and company officers penalized for involvement in transactions connected with VAT fraud, in accordance with section 69E of the Value Added Tax Act 1994.
- Criteria for Disclosure: Names are disclosed when the VAT amount involved exceeds £50,000 for traders and when the personal penalty for company officers is over £25,000. This publication occurs only after penalties become final, either after the appeal period or once an appeal is resolved.
- Timeframe for Removal: Information about penalized individuals is removed from the public list no later than 36 months after the penalty becomes final, ensuring compliance with legal requirements regarding privacy and record retention.
Source gov.uk
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