The prospect of a significantly tougher penalty regime provides a strong incentive to taxpayers to clean up their act and make a last chance voluntary disclosure. (politics.co.uk)
Second, the old penalty regime will fall away and a new super penalty will be applied. (politics.co.uk)
HMRC say that the current VAT penalty regime (which identifies careless or deliberate errors) requires HMRC to specify whether they are alleging one or the other of actual and constructive knowledge for the purposes of the penalty, whereas they do not need to make this distinction for the legal test in respect of the tax itself. (politics.co.uk)