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

Scotland: the Accountant in Bankruptcy

Scotland: the Accountant in BankruptcyThe office of the Accountant in Bankruptcy (AiB) was created by section 156 of the Bankruptcy (Scotland) Act 1856 . Previously, the functions of the AiB were limited but since 1993, with the enactment of the Bankruptcy (Scotland) Act 1993 (B(S)A 1993), the role

LEXISNEXIS

Control of asbestos—duty to manage

The Control of Asbestos Regulations 2012 (CAR 2012) place various duties on employers to protect employees from risks related to exposure to asbestos and make it clear that these duties, so far as is reasonably practicable, are also owed to any other person, whether at work or not, who may be

LEXISNEXIS

Arms length management organisations (ALMOs)

Arms length management organisations (ALMOs)An arms length management organisation (ALMO) is a not-for-profit company that provides housing services on behalf of a local housing authority (LHA). Usually an ALMO is set up by the LHA to manage and improve all or part of its housing stock with the LHA

LEXISNEXIS

A chargor (an individual) is granting a legal charge to a chargee (a company). Can an employee of the

There does not appear to be any evidence that an employee of the chargee cannot witness the chargor’s signature.Practice Note: Property deeds—use and execution of deeds in property transactions, provides guidance on who may witness the signature of a deed by an individual:‘There are certain