SCHEDULES

C1SCHEDULE 26Penalties for failure to pay tax

Annotations:
Modifications etc. (not altering text)

PART 1Introduction

Assessments and determinations in default of return

I1I23

1

This paragraph applies for the interpretation of the tables in paragraph 1.

2

An assessment or determination by HMRC is made in default of a return if it is made where—

a

a person is required to make or deliver a return which falls within—

i

any group of returns in the Table in paragraph 2 of Schedule 24, or

ii

any item in the Table in paragraph 1 of Schedule 55 to FA 2009,

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 the relevant table in paragraph 1 was due and payable.

3

An assessment or determination by HMRC is made otherwise than in default of a return if it is made otherwise than as described in sub-paragraph (2).