SCHEDULES

SCHEDULE 56Penalty 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 F110F111N was due and payable.