PART 5

PENALTIES
CHAPTER 2

PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX

Penalty for failure to make tax return

Penalty for failure to make tax return within 12 months from filing date
120
1
A person is liable to a penalty if the person’s failure to make a tax return continues after the end of the period of 12 months beginning with the day after the filing date.
2
Where, by failing to make the tax return, the person deliberately withholds information which would enable or assist WRA to assess the person’s liability to a devolved tax, the penalty is the greater of—
a
100% 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.
3
In any case not falling within subsection (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.