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(1)A penalty is payable by a person (āPā) where P fails to make a tax return specified in the table below on or before the filing date (see section 82).
Tax to which return relates | Return | |
---|---|---|
1. | Land and buildings transaction tax | (a)Return under section 29, 31, 33 or 34 of the LBTT(S) Act 2013. (b)Return under paragraph 10, 11, 20, 22 or 30 of Schedule 19 to the LBTT(S) Act 2013. |
2. | Scottish landfill tax | Return under regulations made under section 25 of the LT(S) Act 2014. |
(2)If P's failure falls within more than one provision of this section or of sections 160 to 167, P is liable to a penalty under each of those provisions.
(3)But where P is liable for a penalty under more than one provision of this section or of sections 160 to 167 which is determined by reference to a liability to tax, the aggregate of the amounts of those penalties must not exceed 100% of the liability to tax.
(4)In sections 160 to 167 āpenalty dateā, in relation to a return, means the day after the filing date.
(5)Sections 160 to 163 apply in the case of a return falling within item 1 of the table.
(6)Sections 164 to 167 apply in the case of a return falling within item 2 of the table.
Commencement Information
I1S. 159 in force at 1.4.2015 by S.S.I. 2015/110, art. 2(1)