Part 9 Penalties
Finance Act 2020 (2020 c 14) | Legislation

Part 9 Penalties

Failure to deliver return: flat-rate penalty

52

(1)     A person who is required to file a DST return and fails to do so by the filing date is liable to a penalty under this paragraph.

The person may also be liable to a penalty under paragraph 53 (tax-related penalties).

(2)     The penalty is—

(a)     £100, if the return is delivered within 3 months after the filing date;

(b)     £200, in any other case.

(3)     The amounts are increased to £500 and £1,000 (respectively) for a third successive failure.

(4)     For this purpose, a “third successive failure” occurs where—

(a)     the duty under section 56 (duty to file returns) applies in relation to a group for 3 successive accounting periods,

(b)     a person was liable to a penalty under this paragraph in respect of each of the first 2 accounting periods, and

(c)     a person is liable to a penalty under this paragraph in respect of the third accounting period.

Failure to deliver return: tax-related penalty

53

(1)     A person who is required to file a DST return for an accounting period and fails to do so within 18 months

Powered by Lexis+®
 

Popular documents

LEXISNEXIS

Pension commencement lump sums (PCLSs)

Pension commencement lump sums (PCLSs)When a member of a pension scheme becomes entitled to receive their scheme benefits, they can usually take part as a tax-free lump sum. HMRC calls this a ‘pension commencement lump sum’ (PCLS). Taking a lump sum is usually at the option of the member who will

LEXISNEXIS

Mortgagees and tenants

Mortgagee’s consent to grant of leaseIf a property is subject to a mortgage that prohibits leasing without the mortgagee’s consent, then written evidence of consent must be obtained prior to completion of the lease. On the grant of an underlease, mortgagee’s consent in respect of any mortgage over

LEXISNEXIS

CPR Part 8 claims (alternative procedure for claims)

CPR Part 8 claims (alternative procedure for claims)This Practice Note provides guidance on the interpretation and application of the relevant provisions of the CPR. Depending on the court in which your matter is proceeding, you may also need to be mindful of additional provisions—see further

LEXISNEXIS

Arbitration agreements—definition, purpose and interpretation

Arbitration agreements—definition, purpose and interpretationThis Practice Note considers the nature and scope of arbitration agreements with a particular focus on arbitration agreements pursuant to the law of England and Wales, although it also discusses the concept from an international