PART 8Penalties
CHAPTER 2Penalties for failure to make returns or pay tax
Amounts of penalties for failure to pay tax: LBTT
169Land and buildings transaction tax: amounts of penalties for failure to pay tax
1
This section applies in the case of a payment of tax falling within item 1 of the table in section 168.
2
P is liable to a penalty of 5% of the unpaid tax.
3
If any amount of the tax is unpaid after the end of the period of 5 months beginning with the penalty date, P is liable to a penalty of 5% of that amount.
4
If any amount of the tax is unpaid after the end of the period of 11 months beginning with the penalty date, P is liable to a penalty of 5% of that amount.