PART 8Penalties
CHAPTER 2Penalties for failure to make returns or pay tax
Amounts of penalties for failure to make returns: LBTT
I1163Land and buildings transaction tax: 12 month penalty for failure to make return
1
P is liable to a penalty under this section if (and only if) P's failure continues after the end of the period of 12 months beginning with the penalty date.
2
Where, by failing to make the return, P deliberately withholds information which would enable or assist Revenue Scotland to assess P's liability to tax, the penalty under this section is the greater of—
a
100% of any liability to tax which would have been shown in the return in question, and
b
£300.
3
In any case not falling within subsection (2), the penalty under this section is the greater of—
a
5% of any liability to tax which would have been shown in the return in question, and
b
£300.