[F128C(1)This paragraph applies if the scheme organiser fails to give a return for a tax year (containing, or accompanied by, all required information and declarations) on or before the date mentioned in paragraph 28B(4)(b) (“the date for delivery”).U.K.
(2)The scheme organiser is liable for a penalty of £100.
(3)If the scheme organiser's failure continues after the end of the period of 3 months beginning with the date for delivery, the scheme organiser is liable for a further penalty of £300.
(4)If the scheme organiser's failure continues after the end of the period of 6 months beginning with the date for delivery, the scheme organiser is liable for a further penalty of £300.
(5)The scheme organiser is liable for a further penalty under this sub-paragraph if—
(a)the scheme organiser's failure continues after the end of the period of 9 months beginning with the date for delivery,
(b)HMRC decide that such a penalty should be payable, and
(c)HMRC give notice to the scheme organiser specifying the period in respect of which the penalty is payable.
(The scheme organiser may be liable for more than one penalty under this sub-paragraph.)
(6)The penalty under sub-paragraph (5) is £10 for each day that the failure continues during the period specified in the notice under sub-paragraph (5)(c).
(7)The period specified in the notice under sub-paragraph (5)(c)—
(a)may begin earlier than the date on which the notice is given, but
(b)may not begin until after the end of the period mentioned in sub-paragraph (5)(a) or, if relevant, the end of any period specified in any previous notice under sub-paragraph (5)(c) given in relation to the failure.
(8)Liability for a penalty under this paragraph does not arise if the scheme organiser satisfies HMRC (or, on an appeal under paragraph 28K, the tribunal) that there is a reasonable excuse for its failure.
(9)For the purposes of sub-paragraph (8)—
(a)an insufficiency of funds is not a reasonable excuse, unless attributable to events outside the scheme organiser's control,
(b)where the scheme organiser relies on any other person to do anything, that is not a reasonable excuse unless the scheme organiser took reasonable care to avoid the failure, and
(c)where the scheme organiser had a reasonable excuse for the failure but the excuse ceased, the scheme organiser is to be treated as having continued to have the excuse if the failure is remedied without unreasonable delay after the excuse ceased.]
Textual Amendments
F1Sch. 4 Pt. 7 substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 179, 204 (with Sch. 8 paras. 205-215)