PART 5PENALTIES

CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX F1OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS

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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.