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Valid from 16/02/2015

PART 8 SPenalties

Valid from 01/04/2015

CHAPTER 2SPenalties for failure to make returns or pay tax

Amounts of penalties for failure to pay tax: LBTTS

169Land and buildings transaction tax: amounts of penalties for failure to pay taxS

(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.