Section 122 | [ Penalty For Failure To Pay Tax On Time] | Tax Collection And Management Wales Act 2016 Anaw6

[122 Penalty for failure to pay tax on time]

Tax Collection and Management (Wales) Act 2016 (2016 anaw 6) | Legislation

Penalty for failure to pay tax

[122 Penalty for failure to pay tax on time]

[(1) A person is liable to a penalty if the person has failed to pay an amount of devolved tax on or before the penalty date in respect of that amount.

[(2) The penalty—

(a) in respect of an amount of land transaction tax, is 5% of the amount of unpaid tax;

(b) in respect of an amount of landfill disposals tax, is 1% of the amount of unpaid tax.]

[(2A) But see section 122ZA for an exception to the rule in subsection (1).]

(3) In this section and in [sections 122ZA and 122A], the penalty date in respect of an amount of devolved tax specified in column 3 of Table A1 is the date specified in column 4.

TABLE A1