Part 1 Introduction
Finance Act 2021 (2021 c 26) | Legislation

SCHEDULE 24 Penalties for Failure to Make Returns etc

Section 116

Part 1 Introduction

Introduction

1

(1)     This Schedule provides for a person who fails to make a return to be liable to penalty points and penalties.

(2)     This Part of this Schedule—

(a)     identifies groups of returns, and the returns falling within each group, and

(b)     makes provision about the interpretation of this Schedule.

(3)     Part 2 of this Schedule provides for a person to be liable to penalty points, and penalties, in respect of each group of returns.

(4)     Part 3 of this Schedule makes supplementary provision.

Returns

2

(1)     The Table identifies, for each item listed in column 1 of the Table, one or more groups of returns (according to the frequency with which returns are required to be made).

ItemTaxGroups of returns
Column A
(groups of annual etc returns)		Column B
(groups of quarterly etc returns)		Column C
(groups of monthly etc returns)
1Income tax or capital gains tax (persons other than trustees or partnerships)This group applies where there is no requirement to provide information under regulations under paragraph 7 of Schedule A1
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