SCHEDULES
SCHEDULE 24Penalties for failure to make returns etc
PART 2Liability to a penalty
Expiry of all penalty points for a group of returns
I1I28
1
Each of a person's penalty points for a group of returns expires at the beginning of the first day on which both condition A and condition B are met.
2
Condition A is that the person has made each return in the group on or before its due date for the relevant length of time (or longer).
3
The relevant length of time is x months beginning with the first day of the month after the month in which the most recent failure to make a return in the group on or before its due date occurred.
4
In sub-paragraph (3) “x months” means—
a
if the group of returns is in Column A of the Table, 24 months,
b
if the group of returns is in Column B of the Table, 12 months, and
c
if the group of returns is in Column C of the Table, 6 months.
5
Condition B is met on any day if the person has made all the returns in the group whose due date fell in the period of 24 months ending with the previous day (whether or not those returns were made on or before their due date).
6
Where each of a person's penalty points for a group of returns expires under this paragraph, HMRC must notify the person.