12 November 2024
128.This section of the Act makes a change to the fourth column of the table in section 168(1) of the 2014 Act, which sets out the date when a taxpayer becomes liable to pay a penalty for failure to pay tax. The change relates only to penalties in respect of Land and buildings transaction tax and is to clarify that in the situation where a person has failed to submit a tax return by the filing date, the person becomes liable to pay a penalty 30 days after the filing date and not any later date.