PART 5PENALTIES
CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS
Penalty for failure to make tax return
119Penalty for failure to make tax return within 6 months from filing date
(1)
A person F1who is required to make a tax return is liable to a penalty if the person's failure to make a tax return continues after the end of the period of 6 months beginning with the day after the filing date.
(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.