'The current practice described in paragraph 2.4 of Notice 700/43 (Default Interest) and note 4 on form VAT 652 of not charging default interest on net errors of £2 000 or less separately notified to HMRC will continue until the end of August 2008. However following the decision in Wilkinson v Commissioners of Inland Revenue this practice is not considered lawful and will be withdrawn with effect from 1 September 2008. This means therefore that all error notifications (previously known as voluntary disclosures) requiring an assessment may be subject to a default interest charge irrespective of the amount...
