75Penalty for failure to pay tax on timeE+W
This section has no associated Explanatory Notes
In section 122 of TCMA (penalty for failure to pay tax on time) (substituted by paragraph 42 of Schedule 23 to LTTA), for subsection (2) substitute—
“(2)The penalty—
(a)in respect of an amount of land transaction tax, is 5% of the amount of unpaid tax;
(b)in respect of an amount of landfill disposals tax, is 1% of the amount of unpaid tax.”
Commencement Information
I1S. 75 in force at 1.4.2018 by S.I. 2018/35, art. 3