Tax Collection and Management (Wales) Act 2016 (anaw6)

PART 5 PENALTIES

CHAPTER 2 PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX

Penalty for failure to make tax return

120 Penalty for failure to make tax return within 12 months from filing date

(1) A person is liable to a penalty if the person’s failure to make a tax return continues after the end of the period of 12 months beginning with the day after the filing date.

(2) Where, by failing to make the tax return, the person deliberately withholds information which would enable or assist WRA to assess the person’s liability to a devolved tax, the penalty is the greater of—

(a) 100% 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.

(3) In any case not falling within subsection (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.