PART 5PENALTIES

CHAPTER 1OVERVIEW

117Overview of Part

(1)

This Part makes provision about penalties relating to F1WRA-collected taxes, including—

(a)

penalties relating to failures to make tax returns or to pay F1WRA-collected tax F2or amounts payable in respect of tax credits,

(b)

penalties relating to inaccuracies,

(c)

penalties relating to record-keeping and reimbursement arrangements, and

(d)

penalties relating to investigations.

(2)

It includes provision about—

(a)

the circumstances which liability to those penalties arises,

(b)

the amounts of those penalties,

(c)

the circumstances in which liability to those penalties may be suspended or the amounts of those penalties may be reduced,

(d)

the assessment of those penalties, and

(e)

the payment of those penalties.

F3117AInterpretation and application of this Part in relation to the visitor levy

(1)

In this Part—

“devolved tax return” (“ffurflen treth ddatganoledig”) means a tax return relating to a devolved tax;

“visitor accommodation provider” (“darparwr llety ymwelwyr”) and “VAP” (“DLlY”) have the same meaning as in section 3 of the Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025 (asc 00) (see also section 120G, in relation to persons that have ceased to be a VAP);

“visitor levy return” (“ffurflen ardoll ymwelwyr”) means a return relating to the visitor levy (see section 36 of the Visitor Accommodation (Register and Levy) Etc. (Wales) Act 2025).

(2)

Where a visitor accommodation provider has‍ not indicated to WRA whether the provider will make annual or quarterly returns, the provider is to be treated for the purposes of this Part as making annual returns.