PART 5PENALTIES
CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX F1OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS
Annotations:
Amendments (Textual)
Penalty for failure to make tax return
I1119Penalty for failure to make tax return within 6 months from filing date
1
A person F2who is required to make a tax return is liable to a penalty if the person's failure to make a tax return continues after the end of the period of 6 months beginning with the day after the filing date.
2
The penalty is the greater of—
a
5% of the amount of the devolved tax to which the person would have been liable if the tax return had been made, and
b
£300.
Words in Pt. 5 Ch. 2 heading inserted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 23