169Land and buildings transaction tax: amounts of penalties for failure to pay taxS
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(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.
Commencement Information
I1S. 169 in force at 1.4.2015 by S.S.I. 2015/110, art. 2(1)