PART 5PENALTIES
CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX F1OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS
Annotations:
Amendments (Textual)
F2Penalty for failure to pay amount payable in respect of tax credit
Annotations:
Amendments (Textual)
F2
S. 123A and cross-heading inserted (1.4.2018) by The Landfill Disposals Tax (Administration) (Wales) Regulations 2018 (S.I. 2018/101), reg. 1(2), Sch. para. 25
123APenalty for failure to pay amount payable in respect of tax credit on time
1
This section applies where a person is required to pay an amount as a result of a WRA assessment made under section 55A.
2
The person is liable to a penalty if he or she fails to pay the amount on or before the penalty date.
3
The penalty date is the day falling 30 days after the day by which the amount was required to be paid.
4
The penalty is 5% of the amount payable as a result of the WRA assessment.
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