SCHEDULES
SCHEDULE 56

Penalty for failure to make payments on time

Assessments and determinations in default of return
2
The circumstances referred to in items 14, 17, 21 and 24 are where—
a
P or another person is required to make or deliver a return falling within any item in the Table in Schedule 55,
b
that person fails to make or deliver the return on or before the date by which it is required to be made or delivered, and
c
if the return had been made or delivered as required, the return would have shown that an amount falling within any of items 1 to 10 was due and payable.