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 devolved tax return

119Penalty for failure to make tax F1devolved return within 6 months from filing date

(1)

A person F2who is required to make a F3devolved tax return is liable to a penalty if the person's failure to make a F3devolved 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.