PART 5PENALTIES
CHAPTER 2PENALTIES FOR FAILURE TO MAKE RETURNS OR PAY TAX OR AMOUNTS PAYABLE IN RESPECT OF TAX CREDITS
F1Penalty points and penalties for failures to make visitor levy returns
120FFinancial penalty for failure to make visitor levy return within 12 months from filing date
(1)
This section applies where a VAP’s failure to make a visitor levy return continues after the end of the period of 12 months beginning with the day after the filing date.
(2)
The VAP is liable to a penalty (regardless of whether the VAP has been awarded any unexpired penalty points, or is liable to any penalty points, in relation to the return in question or any other visitor levy return).
(3)
Where, by failing to make the visitor levy return, the VAP deliberately withholds information that would enable or assist WRA to assess the VAP’s liability to the visitor levy, the penalty is—
(a)
£300, or
(b)
a greater amount, not exceeding 95% of the amount of visitor levy to which the person would have been liable if the visitor levy return had been made.
(4)
In any case not falling within subsection (3), the penalty is the greater of—
(a)
5% of the amount of visitor levy to which the VAP would have been liable if the visitor levy return had been made, and
(b)
£300.