xmlns:atom="http://www.w3.org/2005/Atom" xmlns:atom="http://www.w3.org/2005/Atom"
(1)P is liable to a penalty under this section if (and only if) P's failure continues after the end of the period of 6 months beginning with the penalty date.
(2)The penalty under this section is the greater of—
(a)5% of any liability to tax which would have been shown in the return in question, and
(b)£300.
Commencement Information
I1S. 166 in force at 1.4.2015 by S.S.I. 2015/110, art. 2(1)