Modifications etc. (not altering text)
C1Sch. 56 applied (with modifications) by SR 2009/128, reg 63(3) (as substituted (with effect in accordance with reg. 2 of the amending Rule) by The Education (Student Loans) (Repayment) (Amendment) Regulations (Northern Ireland) 2010 (S.R. 2010/91), regs. 1, 7(1))
C2Sch. 56 applied (with modifications) by SI 2009/470 reg. 68(3) (as substituted (with application in accordance with reg. 1(2) of the amending S.I.) by The Education (Student Loans) (Repayment) (Amendment) Regulations 2010 (S.I. 2010/661), regs. 1(1), 6)
C3Sch. 56 applied (with modifications) by SI 2001/1004 reg. 67B (as inserted (with application in accordance with reg. 1(3) of the amending S.I.) by The Social Security (Contributions) (Amendment No. 4) Regulations 2010 (S.I. 2010/721), regs. 1(2), 3)
C4Sch. 56 applied (with modifications) by SI 2001/1004 reg. 67A (as inserted (with application in accordance with reg. 1(3) of the amending S.I.) by The Social Security (Contributions) (Amendment No. 4) Regulations 2010 (S.I. 2010/721), regs. 1(2), 3)
5(1)Paragraphs 6 to 8 apply in the case of a payment of tax falling within item 2 or 4 in the Table.U.K.
(2)But those paragraphs do not apply in the case of a payment mentioned in paragraph 3(1)(b) or (c).
Commencement Information
I1Sch. 56 para. 5 in force at 6.4.2010 for specified purposes by S.I. 2010/466, art. 3
6(1)P is liable to a penalty under this paragraph of an amount determined by reference to the number of defaults in relation to the same tax that P has made during the tax year.U.K.
(2)P makes a default in relation to a tax when P fails to pay an amount of that tax in full on or before the date on which it becomes due and payable.
(3)But the first failure during a tax year to pay an amount of tax does not count as a default in relation to that tax during that tax year.
(4)If P makes 1, 2 or 3 defaults during the tax year, P is liable to penalty of 1% of the total amount of those defaults.
(5)If P makes 4, 5 or 6 defaults during the tax year, P is liable to penalty of 2% of the total amount of those defaults.
(6)If P makes 7, 8 or 9 defaults during the tax year, P is liable to penalty of 3% of the total amount of those defaults.
(7)If P makes 10 or more defaults during the tax year, P is liable to penalty of 4% of the total amount of those defaults.
(8)In this paragraph—
(a)in accordance with sub-paragraph (1), the references in sub-paragraphs (4) to (7) to a default are references to a default in relation to the tax mentioned in sub-paragraph (3),
(b)the amount of a default is the amount which P fails to pay, and
(c)a default counts for the purposes of sub-paragraphs (4) to (7) even if the default is remedied before the end of the tax year.
Commencement Information
I2Sch. 56 para. 6 in force at 6.4.2010 for specified purposes by S.I. 2010/466, art. 3
7U.K.If any amount of the tax is unpaid after the end of the period of 6 months beginning with the penalty date, P is liable to a penalty of 5% of that amount.
Commencement Information
I3Sch. 56 para. 7 in force at 6.4.2010 for specified purposes by S.I. 2010/466, art. 3
8U.K.If any amount of the tax is unpaid after the end of the period of 12 months beginning with the penalty date, P is liable to a penalty of 5% of that amount.
Commencement Information
I4Sch. 56 para. 8 in force at 6.4.2010 for specified purposes by S.I. 2010/466, art. 3